MML Investors Services LLC boosted its holdings in Six Flags Entertainment Corporation New (NYSE:SIX) by 35.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,862 shares of the company’s stock after purchasing an additional 1,260 shares during the period. MML Investors Services LLC’s holdings in Six Flags Entertainment Corporation New were worth $290,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP purchased a new stake in Six Flags Entertainment Corporation New during the first quarter valued at about $2,573,000. Bank of New York Mellon Corp grew its stake in shares of Six Flags Entertainment Corporation New by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 595,385 shares of the company’s stock valued at $35,419,000 after buying an additional 39,846 shares during the last quarter. World Asset Management Inc bought a new position in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $209,000. UBS Asset Management Americas Inc. grew its stake in shares of Six Flags Entertainment Corporation New by 9.5% during the first quarter. UBS Asset Management Americas Inc. now owns 50,240 shares of the company’s stock valued at $2,989,000 after buying an additional 4,360 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $727,000. 88.63% of the stock is owned by institutional investors and hedge funds.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 60.94 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 has a 50 day moving average price of $54.46 and a 200-day moving average price of $58.33. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 56.64 and a beta of 1.16.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 31st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is currently 239.25%.

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In other news, VP Lance C. Balk sold 48,998 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the acquisition, the director now owns 53,511 shares of the company’s stock, valued at approximately $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is owned by company insiders.

A number of research firms have recently weighed in on SIX. William Blair began coverage on Six Flags Entertainment Corporation New in a research note on Friday, July 21st. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. Two 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.73.

Six Flags Entertainment Corporation New 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 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.

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

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