Park Avenue Securities LLC lifted its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,197 shares of the company’s stock after purchasing an additional 1,880 shares during the period. Park Avenue Securities LLC’s holdings in Six Flags Entertainment were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Six Flags Entertainment by 1.3% during the 1st quarter. Rhumbline Advisers now owns 191,936 shares of the company’s stock valued at $9,472,000 after purchasing an additional 2,506 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in Six Flags Entertainment by 9.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 311,971 shares of the company’s stock valued at $15,396,000 after purchasing an additional 26,221 shares during the last quarter. Menta Capital LLC acquired a new position in Six Flags Entertainment during the 1st quarter valued at about $1,245,000. Janus Henderson Group PLC boosted its stake in Six Flags Entertainment by 0.8% during the 1st quarter. Janus Henderson Group PLC now owns 4,565,393 shares of the company’s stock valued at $225,302,000 after purchasing an additional 36,096 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Six Flags Entertainment by 24.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 36,461 shares of the company’s stock valued at $1,799,000 after purchasing an additional 7,074 shares during the last quarter. Institutional investors own 84.26% of the company’s stock.
In related news, Director Usman Nabi bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $50.77 per share, for a total transaction of $253,850.00. Following the completion of the transaction, the director now owns 7,520 shares of the company’s stock, valued at $381,790.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kurt Matthew Cellar bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $49.46 per share, with a total value of $741,900.00. Following the completion of the transaction, the director now directly owns 70,116 shares of the company’s stock, valued at approximately $3,467,937.36. The disclosure for this purchase can be found here. 5.90% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Six Flags Entertainment in a research note on Monday, April 22nd. They issued a “hold” rating and a $56.00 target price on the stock. B. Riley restated a “buy” rating and issued a $57.00 target price (down previously from $72.00) on shares of Six Flags Entertainment in a research note on Thursday, March 28th. Wells Fargo & Co cut their target price on Six Flags Entertainment from $62.00 to $49.00 and set a “market perform” rating on the stock in a research note on Monday, March 25th. Oppenheimer set a $63.00 price target on shares of Six Flags Entertainment and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, TheStreet cut shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $60.00.
SIX stock traded down $1.88 during midday trading on Wednesday, reaching $50.18. 1,133,500 shares of the company’s stock traded hands, compared to its average volume of 1,284,551. Six Flags Entertainment Corp has a 52 week low of $46.68 and a 52 week high of $73.38. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 3.51 and a beta of 1.15.
Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Tuesday, April 23rd. The company reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.04. The business had revenue of $128.19 million for the quarter, compared to analysts’ expectations of $123.63 million. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.74) EPS. As a group, analysts forecast that Six Flags Entertainment Corp will post 2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.54%. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 101.55%.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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