Icon Advisers Inc. Co. acquired a new position in Six Flags Entertainment Corporation New (NYSE:SIX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,500 shares of the company’s stock, valued at approximately $805,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Six Flags Entertainment Corporation New by 2,062.3% in the 1st quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after purchasing an additional 238,134 shares during the period. Brookstone Capital Management acquired a new stake in shares of Six Flags Entertainment Corporation New during the 2nd quarter valued at $277,000. Westfield Capital Management Co. LP boosted its stake in shares of Six Flags Entertainment Corporation New by 72.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock valued at $58,337,000 after buying an additional 412,040 shares during the period. TD Asset Management Inc. boosted its stake in shares of Six Flags Entertainment Corporation New by 0.4% during the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after buying an additional 59 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Six Flags Entertainment Corporation New by 20.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 214,016 shares of the company’s stock valued at $12,732,000 after buying an additional 36,941 shares during the period. 88.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Six Flags Entertainment Corporation New (SIX) opened at 57.61 on Monday. Six Flags Entertainment Corporation New has a 12 month low of $50.33 and a 12 month high of $65.19. The stock’s 50 day moving average is $54.49 and its 200 day moving average is $58.39. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 53.54 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts forecast that Six Flags Entertainment Corporation New will post $1.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 31st were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.44%. Six Flags Entertainment Corporation New’s payout ratio is currently 239.25%.

In other Six Flags Entertainment Corporation New news, Director Jon L. Luther bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the transaction, the director now directly owns 53,511 shares in the company, valued at $2,813,608.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total transaction of $2,797,785.80. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

A number of equities research analysts have issued reports on SIX shares. Stifel Nicolaus reissued a “buy” rating and set a $73.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Hilliard Lyons raised shares of Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, August 30th. BidaskClub lowered shares of Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Wedbush decreased their target price on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.67.

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About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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Institutional Ownership by Quarter for Six Flags Entertainment Corporation New (NYSE:SIX)

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