Nationwide Fund Advisors Has $12.09 Million Stake in Six Flags Entertainment Corp (SIX)
Nationwide Fund Advisors lifted its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,368 shares of the company’s stock after purchasing an additional 66,718 shares during the quarter. Nationwide Fund Advisors owned 0.23% of Six Flags Entertainment worth $12,089,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SIX. Janus Henderson Group PLC grew its holdings in shares of Six Flags Entertainment by 985.4% during the 2nd quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock worth $202,268,000 after purchasing an additional 3,080,574 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Six Flags Entertainment by 542.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock worth $46,718,000 after purchasing an additional 661,690 shares in the last quarter. Davidson Kempner Capital Management LP grew its holdings in shares of Six Flags Entertainment by 438.3% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock worth $44,125,000 after purchasing an additional 602,723 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth $35,168,000. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Six Flags Entertainment by 57.7% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,546,615 shares of the company’s stock worth $92,194,000 after purchasing an additional 565,993 shares in the last quarter. 99.45% of the stock is currently owned by institutional investors.
Six Flags Entertainment Corp (NYSE:SIX) traded up $0.40 during trading hours on Monday, reaching $65.82. The company had a trading volume of 652,400 shares, compared to its average volume of 1,082,286. The firm has a market capitalization of $5,514.78, a price-to-earnings ratio of 31.49, a PEG ratio of 3.85 and a beta of 1.17. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. Six Flags Entertainment Corp has a fifty-two week low of $51.25 and a fifty-two week high of $66.20.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. Six Flags Entertainment’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. sell-side analysts anticipate that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 4.25%. Six Flags Entertainment’s dividend payout ratio (DPR) is 133.97%.
Several analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $72.00 target price on shares of Six Flags Entertainment in a report on Thursday, October 12th. B. Riley reissued a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, November 1st. Zacks Investment Research lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Finally, KeyCorp began coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $66.78.
In related news, CEO James Reid-Anderson sold 41,008 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $65.06, for a total value of $2,667,980.48. Following the sale, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.90% of the company’s stock.
Six Flags Entertainment 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 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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