Six Flags Entertainment Corporation New (NYSE:SIX) Director Jon L. Luther bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $52.58 per share, with a total value of $157,740.00. Following the completion of the transaction, the director now directly owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Six Flags Entertainment Corporation New (NYSE SIX) opened at 53.62 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 49.83 and a beta of 1.16. The stock has a 50 day moving average of $55.16 and a 200-day moving average of $58.76. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by $0.11. The company had revenue of $422.37 million during the quarter, compared to the consensus estimate of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 31st will be given a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.56 annualized dividend and a yield of 4.77%. Six Flags Entertainment Corporation New’s dividend payout ratio is currently 239.25%.

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A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Six Flags Entertainment Corporation New by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 595,385 shares of the company’s stock valued at $35,419,000 after buying an additional 39,846 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $248,000. First Trust Advisors LP acquired a new stake in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $2,573,000. State Board of Administration of Florida Retirement System raised its stake in shares of Six Flags Entertainment Corporation New by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 104,523 shares of the company’s stock valued at $6,218,000 after buying an additional 465 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Six Flags Entertainment Corporation New by 40.4% in the first quarter. Eqis Capital Management Inc. now owns 24,930 shares of the company’s stock valued at $1,483,000 after buying an additional 7,175 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on SIX shares. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Wedbush cut their target price on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, June 8th. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, June 28th. BidaskClub upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Six Flags Entertainment Corporation New currently has a consensus rating of “Buy” and an average target price of $65.67.

Six Flags Entertainment Corporation New 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.

Insider Buying and Selling by Quarter for Six Flags Entertainment Corporation New (NYSE:SIX)

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