Barnett & Company Inc. lessened its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,784 shares of the company’s stock after selling 4,200 shares during the period. Six Flags Entertainment comprises 2.2% of Barnett & Company Inc.’s holdings, making the stock its 10th largest position. Barnett & Company Inc. owned approximately 0.08% of Six Flags Entertainment worth $4,253,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in SIX. Vanguard Group Inc. grew its holdings in Six Flags Entertainment by 3.8% during the second quarter. Vanguard Group Inc. now owns 6,163,474 shares of the company’s stock worth $367,404,000 after purchasing an additional 226,884 shares during the period. Janus Henderson Group PLC grew its holdings in Six Flags Entertainment by 10.3% during the third quarter. Janus Henderson Group PLC now owns 3,742,195 shares of the company’s stock worth $228,049,000 after purchasing an additional 348,991 shares during the period. BlackRock Inc. grew its holdings in Six Flags Entertainment by 6.9% during the second quarter. BlackRock Inc. now owns 3,526,508 shares of the company’s stock worth $210,217,000 after purchasing an additional 228,249 shares during the period. CI Investments Inc. grew its holdings in Six Flags Entertainment by 0.4% during the third quarter. CI Investments Inc. now owns 2,629,575 shares of the company’s stock worth $160,246,000 after purchasing an additional 11,400 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Six Flags Entertainment by 39.7% during the third quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock worth $110,626,000 after purchasing an additional 516,125 shares during the period. Hedge funds and other institutional investors own 99.45% of the company’s stock.
Shares of Six Flags Entertainment Corp (SIX) traded down $0.03 during mid-day trading on Thursday, reaching $65.47. 755,000 shares of the company’s stock traded hands, compared to its average volume of 1,075,610. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The firm has a market capitalization of $5,487.97, a P/E ratio of 31.34, a PEG ratio of 3.83 and a beta of 1.17. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $66.64.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.31. The firm had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. research analysts forecast that Six Flags Entertainment Corp will post 2.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 4.28%. Six Flags Entertainment’s dividend payout ratio (DPR) is 133.97%.
In other news, CEO James Reid-Anderson sold 1,000 shares of Six Flags Entertainment stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $66.25, for a total value of $66,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,461,778 shares in the company, valued at $229,342,792.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 187,464 shares of company stock valued at $12,379,790 over the last 90 days. Company insiders own 6.90% of the company’s stock.
SIX has been the subject of a number of research analyst reports. Hilliard Lyons upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, August 30th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. SunTrust Banks reiterated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a report on Friday, October 27th. Finally, KeyCorp initiated coverage on Six Flags Entertainment in a report on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $66.78.
About Six Flags Entertainment
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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