Summit X LLC cut its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,675 shares of the company’s stock after selling 850 shares during the period. Summit X LLC’s holdings in Six Flags Entertainment were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Six Flags Entertainment by 3.1% during the 2nd quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock valued at $467,588,000 after buying an additional 201,773 shares during the period. Janus Henderson Group PLC grew its stake in shares of Six Flags Entertainment by 0.7% during the 2nd quarter. Janus Henderson Group PLC now owns 3,419,761 shares of the company’s stock valued at $239,554,000 after buying an additional 25,405 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Six Flags Entertainment by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,636,006 shares of the company’s stock valued at $184,653,000 after buying an additional 14,615 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Six Flags Entertainment by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,789,491 shares of the company’s stock valued at $125,355,000 after acquiring an additional 22,039 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Six Flags Entertainment by 19.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,732,895 shares of the company’s stock valued at $121,389,000 after acquiring an additional 282,064 shares in the last quarter. 94.58% of the stock is owned by institutional investors.

In other Six Flags Entertainment news, CFO Marshall Barber sold 449 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total value of $29,279.29. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Catherine Aslin sold 2,425 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $66.85, for a total transaction of $162,111.25. The disclosure for this sale can be found here. Insiders have sold a total of 2,934 shares of company stock worth $195,337 in the last 90 days. Company insiders own 5.50% of the company’s stock.

NYSE:SIX opened at $69.04 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of -3.10. The firm has a market cap of $5.78 billion, a P/E ratio of 28.63 and a beta of 0.99. Six Flags Entertainment Corp has a twelve month low of $57.50 and a twelve month high of $73.38.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, July 25th. The company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.05). The business had revenue of $445.40 million for the quarter, compared to analyst estimates of $438.80 million. Six Flags Entertainment had a net margin of 20.65% and a negative return on equity of 33.82%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. sell-side analysts forecast that Six Flags Entertainment Corp will post 2.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Thursday, August 30th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 29th. This represents a $3.12 annualized dividend and a dividend yield of 4.52%. Six Flags Entertainment’s payout ratio is 146.48%.

Several equities analysts recently weighed in on SIX shares. Zacks Investment Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Wells Fargo & Co lowered shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a report on Monday, July 9th. Wedbush lowered shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $70.00 in a report on Friday, July 20th. Finally, KeyCorp lifted their target price on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.11.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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