Six Flags Entertainment Corp (SIX) Chairman Sells $5,213,680.48 in Stock
Six Flags Entertainment Corp (NYSE:SIX) Chairman James Reid-Anderson sold 78,614 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total value of $5,213,680.48. Following the transaction, the chairman now directly owns 3,520,146 shares in the company, valued at approximately $233,456,082.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
James Reid-Anderson also recently made the following trade(s):
- On Monday, December 4th, James Reid-Anderson sold 25,456 shares of Six Flags Entertainment stock. The shares were sold at an average price of $66.31, for a total value of $1,687,987.36.
- On Thursday, November 9th, James Reid-Anderson sold 41,008 shares of Six Flags Entertainment stock. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48.
Six Flags Entertainment Corp (NYSE SIX) traded down $0.02 during trading hours on Wednesday, reaching $66.11. The company’s stock had a trading volume of 715,611 shares, compared to its average volume of 1,078,190. Six Flags Entertainment Corp has a 12-month low of $51.25 and a 12-month high of $66.64. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The firm has a market cap of $5,494.67, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.84 and a beta of 1.17.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. analysts forecast 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. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, November 29th. Six Flags Entertainment’s dividend payout ratio is currently 133.97%.
Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Six Flags Entertainment by 6.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after purchasing an additional 155 shares during the last quarter. Aperio Group LLC raised its holdings in Six Flags Entertainment by 29.6% in the 2nd quarter. Aperio Group LLC now owns 15,833 shares of the company’s stock valued at $944,000 after acquiring an additional 3,612 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Six Flags Entertainment by 2.0% during the second quarter. Russell Investments Group Ltd. now owns 219,055 shares of the company’s stock worth $13,057,000 after purchasing an additional 4,351 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Six Flags Entertainment by 13.1% during the second quarter. Janney Montgomery Scott LLC now owns 27,919 shares of the company’s stock worth $1,664,000 after purchasing an additional 3,231 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in Six Flags Entertainment in the second quarter valued at approximately $447,000. Institutional investors own 99.45% of the company’s stock.
Several analysts recently commented on SIX shares. Hilliard Lyons upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 30th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a research report on Tuesday, August 15th. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Finally, BidaskClub lowered Six Flags Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $66.78.
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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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