Advisors Asset Management Inc. increased its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,923 shares of the company’s stock after buying an additional 2,319 shares during the quarter. Advisors Asset Management Inc. owned 0.09% of Six Flags Entertainment worth $4,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Six Flags Entertainment by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,163,474 shares of the company’s stock worth $367,404,000 after buying an additional 226,884 shares during the last quarter. BlackRock Inc. grew its stake in Six Flags Entertainment by 6.9% during the 2nd quarter. BlackRock Inc. now owns 3,526,508 shares of the company’s stock worth $210,217,000 after buying an additional 228,249 shares during the last quarter. Janus Henderson Group PLC grew its stake in Six Flags Entertainment by 985.4% during the 2nd quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock worth $202,268,000 after buying an additional 3,080,574 shares during the last quarter. CI Investments Inc. grew its stake in Six Flags Entertainment by 0.4% during the 3rd quarter. CI Investments Inc. now owns 2,629,575 shares of the company’s stock worth $160,246,000 after buying an additional 11,400 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Six Flags Entertainment by 39.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock worth $110,626,000 after buying an additional 516,125 shares during the last quarter. Hedge funds and other institutional investors own 99.45% of the company’s stock.
In related news, Chairman James Reid-Anderson sold 78,614 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total value of $5,213,680.48. Following the completion of the transaction, the chairman now owns 3,520,146 shares of the company’s stock, valued at approximately $233,456,082.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 145,078 shares of company stock valued at $9,569,648 in the last ninety days. 6.90% of the stock is currently owned by insiders.
SIX has been the topic of several research analyst reports. BidaskClub downgraded Six Flags Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Janney Montgomery Scott reiterated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a research note on Tuesday, August 15th. Hilliard Lyons upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, August 30th. KeyCorp initiated coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price target on the stock. Finally, FBR & Co reiterated a “buy” rating and set a $65.00 price target on shares of Six Flags Entertainment in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Six Flags Entertainment currently has a consensus rating of “Buy” and an average target price of $66.78.
Shares of Six Flags Entertainment Corp (NYSE SIX) traded down $0.92 on Thursday, hitting $65.19. The stock had a trading volume of 1,043,865 shares, compared to its average volume of 1,078,044. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $66.64. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. The stock has a market capitalization of $5,540.75, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.87 and a beta of 1.17.
Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. The firm had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. equities research analysts expect that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be issued a $0.70 dividend. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. Six Flags Entertainment’s dividend payout ratio is presently 133.97%.
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Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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