Cpwm LLC Acquires New Position in Six Flags Entertainment Corp (SIX)

Cpwm LLC acquired a new stake in Six Flags Entertainment Corp (NYSE:SIX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,842 shares of the company’s stock, valued at approximately $617,000.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Six Flags Entertainment by 3.1% in the second quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock valued at $467,588,000 after purchasing an additional 201,773 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Six Flags Entertainment by 3.5% in the third quarter. William Blair Investment Management LLC now owns 4,949,544 shares of the company’s stock valued at $345,578,000 after purchasing an additional 165,157 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Six Flags Entertainment by 0.7% in the second quarter. Janus Henderson Group PLC now owns 3,419,761 shares of the company’s stock valued at $239,554,000 after purchasing an additional 25,405 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Six Flags Entertainment by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,685,496 shares of the company’s stock valued at $187,501,000 after purchasing an additional 49,490 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Six Flags Entertainment by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after purchasing an additional 288,077 shares during the last quarter. Hedge funds and other institutional investors own 96.43% of the company’s stock.

Several equities analysts have recently commented on SIX shares. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Oppenheimer set a $80.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a research report on Wednesday, October 24th. ValuEngine downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. SunTrust Banks reduced their price target on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Wedbush set a $55.00 price target on Six Flags Entertainment and gave the stock a “hold” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $68.63.

Shares of NYSE:SIX opened at $57.95 on Thursday. The company has a market cap of $5.18 billion, a P/E ratio of 27.21 and a beta of 1.26. Six Flags Entertainment Corp has a 1 year low of $51.91 and a 1 year high of $73.38.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $2.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.16). The company had revenue of $619.82 million for the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. Analysts forecast that Six Flags Entertainment Corp will post 2.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, November 28th. This represents a $3.28 dividend on an annualized basis and a yield of 5.66%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.78. Six Flags Entertainment’s dividend payout ratio is currently 153.99%.

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Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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