Asset Management One Co. Ltd. cut its stake in Six Flags Entertainment Corp (NYSE:SIX) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,370 shares of the company’s stock after selling 12,473 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Six Flags Entertainment worth $6,575,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Synovus Financial Corp purchased a new position in Six Flags Entertainment in the first quarter valued at about $25,000. Whitener Capital Management Inc. acquired a new stake in Six Flags Entertainment in the second quarter worth about $44,000. BNP Paribas Arbitrage SA boosted its holdings in Six Flags Entertainment by 101.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,540 shares of the company’s stock worth $125,000 after acquiring an additional 1,278 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Six Flags Entertainment by 30.3% in the first quarter. Victory Capital Management Inc. now owns 2,883 shares of the company’s stock worth $142,000 after acquiring an additional 671 shares in the last quarter. Finally, NumerixS Investment Technologies Inc boosted its holdings in Six Flags Entertainment by 3,500.0% in the first quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock worth $176,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.
A number of equities research analysts recently commented on the company. B. Riley lifted their target price on Six Flags Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wedbush raised Six Flags Entertainment from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $51.00 to $62.00 in a report on Wednesday, June 19th. Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $52.00 to $56.00 in a report on Tuesday, July 9th. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $62.70.
Shares of Six Flags Entertainment stock opened at $49.40 on Friday. The business’s fifty day simple moving average is $55.78 and its 200-day simple moving average is $52.60. Six Flags Entertainment Corp has a 52 week low of $46.68 and a 52 week high of $70.78. The firm has a market cap of $4.35 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.02.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The company had revenue of $477.20 million for the quarter, compared to the consensus estimate of $468.44 million. During the same quarter in the prior year, the business earned $0.88 EPS. Six Flags Entertainment’s revenue was up 7.1% on a year-over-year basis. On average, research analysts expect that Six Flags Entertainment Corp will post 2.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.82 per share. The ex-dividend date was Wednesday, September 4th. This represents a $3.28 annualized dividend and a yield of 6.64%. Six Flags Entertainment’s dividend payout ratio (DPR) is 101.55%.
In other news, CFO Marshall Barber sold 468 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.98, for a total value of $27,602.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 643 shares of company stock worth $37,865. 5.90% of the stock is owned by company insiders.
Six Flags Entertainment 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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