Six Flags Entertainment Corp (NYSE:SIX) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,863,500 shares, a decrease of 13.0% from the July 31st total of 5,592,200 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is presently 4.3 days.

In other news, CFO Marshall Barber sold 468 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.98, for a total transaction of $27,602.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 643 shares of company stock valued at $37,865. Insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management LLC grew its holdings in Six Flags Entertainment by 110.4% in the second quarter. Balyasny Asset Management LLC now owns 1,054,880 shares of the company’s stock worth $52,406,000 after purchasing an additional 553,511 shares during the period. Isomer Partners LP purchased a new stake in Six Flags Entertainment in the second quarter worth about $17,301,000. Dynamo Internacional Gestao DE Recursos LTDA. grew its holdings in Six Flags Entertainment by 53.7% in the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 948,489 shares of the company’s stock worth $59,281,000 after purchasing an additional 331,266 shares during the period. BlackRock Inc. grew its holdings in Six Flags Entertainment by 4.7% in the second quarter. BlackRock Inc. now owns 6,826,552 shares of the company’s stock worth $339,145,000 after purchasing an additional 304,187 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Six Flags Entertainment by 183.8% in the second quarter. Wells Fargo & Company MN now owns 437,342 shares of the company’s stock worth $21,728,000 after purchasing an additional 283,254 shares during the period. Institutional investors own 85.19% of the company’s stock.

Shares of NYSE SIX traded down $1.73 during midday trading on Friday, hitting $55.57. 1,814,586 shares of the company traded hands, compared to its average volume of 1,217,614. Six Flags Entertainment has a 12-month low of $46.68 and a 12-month high of $71.27. The stock has a 50-day moving average price of $55.58 and a 200 day moving average price of $52.71. The firm has a market cap of $4.82 billion, a P/E ratio of 17.20, a P/E/G ratio of 3.07 and a beta of 1.02.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The company had revenue of $477.20 million for the quarter, compared to analysts’ expectations of $468.44 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. Six Flags Entertainment’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Six Flags Entertainment will post 2.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Wednesday, September 4th. Six Flags Entertainment’s dividend payout ratio is currently 101.55%.

Several equities analysts have recently commented on SIX shares. B. Riley upped their price objective on shares of Six Flags Entertainment from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wedbush raised shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $51.00 to $62.00 in a research note on Wednesday, June 19th. Wells Fargo & Co upgraded shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $52.00 to $56.00 in a research report on Tuesday, July 9th. Finally, ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $62.70.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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