Sei Investments Co. Lowers Holdings in Six Flags Entertainment Corp (SIX)
Sei Investments Co. cut its position in Six Flags Entertainment Corp (NYSE:SIX) by 94.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,044 shares of the company’s stock after selling 54,020 shares during the quarter. Sei Investments Co.’s holdings in Six Flags Entertainment were worth $185,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SIX. Aperio Group LLC raised its stake in shares of Six Flags Entertainment by 29.6% in the second quarter. Aperio Group LLC now owns 15,833 shares of the company’s stock valued at $944,000 after buying an additional 3,612 shares during the period. TD Asset Management Inc. grew its position in shares of Six Flags Entertainment by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after purchasing an additional 59 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Six Flags Entertainment by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 442,599 shares of the company’s stock valued at $26,384,000 after purchasing an additional 30,360 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Six Flags Entertainment by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock valued at $347,000 after purchasing an additional 80 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of Six Flags Entertainment in the second quarter valued at $185,000. Hedge funds and other institutional investors own 99.45% of the company’s stock.
In related news, Chairman James Reid-Anderson sold 78,614 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total transaction of $5,213,680.48. Following the completion of the transaction, the chairman now directly owns 3,520,146 shares in the company, valued at $233,456,082.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 187,464 shares of company stock valued at $12,379,790. 6.90% of the stock is owned by company insiders.
Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The business had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. equities research analysts predict that Six Flags Entertainment Corp will post 2.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.19%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, November 29th. Six Flags Entertainment’s payout ratio is presently 133.97%.
Several brokerages have recently weighed in on SIX. B. Riley reiterated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a research report on Friday, October 27th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. Finally, FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Six Flags Entertainment has an average rating of “Buy” and an average price target of $66.78.
Six Flags Entertainment 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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