Old Mutual Global Investors UK Ltd. bought a new stake in Six Flags Entertainment Corp (NYSE:SIX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,967 shares of the company’s stock, valued at approximately $2,394,000.
A number of other large investors have also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in Six Flags Entertainment by 1,477.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after purchasing an additional 1,995 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $466,000. Oppenheimer & Co. Inc. acquired a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $268,000. KBC Group NV acquired a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $3,329,000. Finally, Swiss National Bank boosted its holdings in shares of Six Flags Entertainment by 1.4% in the fourth quarter. Swiss National Bank now owns 123,900 shares of the company’s stock valued at $8,248,000 after buying an additional 1,700 shares during the period. 98.79% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO James Reid-Anderson sold 1,000 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $66.25, for a total transaction of $66,250.00. Following the completion of the transaction, the chief executive officer now owns 3,461,778 shares in the company, valued at $229,342,792.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 240,181 shares of company stock valued at $16,041,661 in the last 90 days. 6.90% of the stock is currently owned by corporate insiders.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, February 6th. Wedbush set a $76.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a report on Monday, January 8th. B. Riley reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, November 1st. TheStreet upgraded shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.10.
Six Flags Entertainment Corp (NYSE:SIX) opened at $69.38 on Friday. Six Flags Entertainment Corp has a 1-year low of $51.25 and a 1-year high of $70.44. The company has a market cap of $5,726.75, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.65 and a beta of 1.15. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be issued a dividend of $0.78 per share. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 4.50%. Six Flags Entertainment’s dividend payout ratio is presently 149.28%.
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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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