WINTON GROUP Ltd bought a new position in shares of Six Flags Entertainment Corp (NYSE:SIX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,296 shares of the company’s stock, valued at approximately $1,015,000.
Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Six Flags Entertainment by 251.0% during the 4th quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock worth $103,000 after acquiring an additional 1,107 shares during the period. Ostrum Asset Management purchased a new stake in shares of Six Flags Entertainment in the 1st quarter worth approximately $110,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Six Flags Entertainment by 61.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,438 shares of the company’s stock worth $152,000 after buying an additional 927 shares during the last quarter. Weatherstone Capital Management purchased a new stake in shares of Six Flags Entertainment in the 1st quarter worth approximately $202,000. Finally, WealthPLAN Partners LLC purchased a new stake in shares of Six Flags Entertainment in the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.
Several research firms recently weighed in on SIX. Zacks Investment Research downgraded Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus upped their price target on Six Flags Entertainment from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Macquarie upped their price target on Six Flags Entertainment from $56.00 to $58.00 and gave the stock an “underperform” rating in a research note on Thursday, April 26th. B. Riley upped their price target on Six Flags Entertainment from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Finally, ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $69.55.
In related news, Chairman James Reid-Anderson sold 64,185 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $72.56, for a total value of $4,657,263.60. Following the transaction, the chairman now directly owns 3,375,768 shares of the company’s stock, valued at approximately $244,945,726.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 201,811 shares of company stock worth $14,401,216 over the last ninety days. 6.90% of the stock is currently owned by insiders.
Six Flags Entertainment opened at $70.05 on Friday, MarketBeat reports. The company has a market capitalization of $5.93 billion, a P/E ratio of 32.89 and a beta of 1.13. Six Flags Entertainment Corp has a 12-month low of $51.25 and a 12-month high of $73.38. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of -2.90.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.05. The business had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $118.75 million. Six Flags Entertainment had a negative return on equity of 31.58% and a net margin of 19.38%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.63) EPS. analysts forecast that Six Flags Entertainment Corp will post 2.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Thursday, May 31st were given a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $3.12 annualized dividend and a yield of 4.45%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 146.48%.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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