SWS Partners lessened its holdings in Six Flags Entertainment Corp (NYSE:SIX) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 29,763 shares of the company’s stock after selling 462 shares during the quarter. Six Flags Entertainment comprises about 1.3% of SWS Partners’ holdings, making the stock its 26th biggest position. SWS Partners’ holdings in Six Flags Entertainment were worth $1,656,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Six Flags Entertainment by 20.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,403 shares of the company’s stock valued at $134,000 after purchasing an additional 403 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $197,000. Laurion Capital Management LP purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $202,000. Finally, Franklin Resources Inc. purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.
Several equities analysts recently weighed in on SIX shares. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. ValuEngine lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. KeyCorp cut their price target on Six Flags Entertainment from $72.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, October 25th. Finally, Macquarie upgraded Six Flags Entertainment from an “underperform” rating to a “neutral” rating and set a $54.00 price objective on the stock in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.44.
In related news, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total value of $1,748,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.
SIX stock opened at $63.21 on Friday. Six Flags Entertainment Corp has a 12-month low of $49.79 and a 12-month high of $73.38. The stock has a market capitalization of $5.34 billion, a P/E ratio of 29.68 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Monday, February 18th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 5.19%. The ex-dividend date is Thursday, February 14th. Six Flags Entertainment’s payout ratio is 153.99%.
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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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