Macquarie Group Ltd. bought a new stake in shares of Six Flags Entertainment Corp. (NYSE:SIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,200 shares of the company’s stock, valued at approximately $1,576,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SIX. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Six Flags Entertainment Corp. during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Six Flags Entertainment Corp. during the second quarter valued at $113,000. Checchi Capital Advisers LLC increased its position in shares of Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock valued at $114,000 after buying an additional 56 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Six Flags Entertainment Corp. by 512.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,204 shares of the company’s stock valued at $128,000 after buying an additional 1,844 shares during the period. Finally, First Quadrant L P CA increased its position in shares of Six Flags Entertainment Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 2,617 shares of the company’s stock valued at $152,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 88.80% of the company’s stock.

Six Flags Entertainment Corp. (NYSE:SIX) opened at 51.82 on Monday. Six Flags Entertainment Corp. has a 1-year low of $44.04 and a 1-year high of $62.69. The company has a market capitalization of $4.81 billion, a P/E ratio of 29.31 and a beta of 1.56. The firm’s 50-day moving average is $51.87 and its 200-day moving average is $55.82.

Six Flags Entertainment Corp. (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.06. The business had revenue of $407 million for the quarter, compared to the consensus estimate of $406.13 million. Six Flags Entertainment Corp. had a net margin of 13.19% and a return on equity of 3,451.32%. Six Flags Entertainment Corp.’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Equities research analysts predict that Six Flags Entertainment Corp. will post $1.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, September 1st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, August 30th. Six Flags Entertainment Corp.’s payout ratio is presently 128.89%.

Several research analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $65.00 target price on shares of Six Flags Entertainment Corp. in a research note on Tuesday, July 26th. Zacks Investment Research downgraded shares of Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. FBR & Co decreased their target price on shares of Six Flags Entertainment Corp. from $65.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. TheStreet upgraded shares of Six Flags Entertainment Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $64.00 target price on shares of Six Flags Entertainment Corp. in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $60.88.

In related news, VP Lance C. Balk sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the transaction, the vice president now owns 90,343 shares of the company’s stock, valued at $5,340,174.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Walter Hawrylak sold 22,883 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,154,905.01. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

Six Flags Entertainment Corp. Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.

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