Investors bought shares of Six Flags Entertainment Corp (NYSE:SIX) on weakness during trading on Thursday. $24.14 million flowed into the stock on the tick-up and $7.91 million flowed out of the stock on the tick-down, for a money net flow of $16.23 million into the stock. Of all companies tracked, Six Flags Entertainment had the 33rd highest net in-flow for the day. Six Flags Entertainment traded down ($0.53) for the day and closed at $69.90

Several research firms recently issued reports on SIX. Zacks Investment Research lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday. KeyCorp increased their target price on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Wedbush lowered shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $76.00 to $70.00 in a report on Friday, July 20th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Six Flags Entertainment has a consensus rating of “Hold” and an average price target of $73.00.

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 $5.90 billion, a PE ratio of 32.81 and a beta of 0.99.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.05). Six Flags Entertainment had a net margin of 20.65% and a negative return on equity of 33.82%. The company had revenue of $445.40 million for the quarter, compared to analysts’ expectations of $438.80 million. During the same period last year, the business earned $0.59 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts predict that Six Flags Entertainment Corp will post 2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Thursday, August 30th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Wednesday, August 29th. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 146.48%.

In other Six Flags Entertainment news, insider Catherine Aslin sold 2,425 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $66.85, for a total transaction of $162,111.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Barber sold 449 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total transaction of $29,279.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,934 shares of company stock valued at $195,337. Insiders own 6.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Six Flags Entertainment by 0.7% during the 1st quarter. Northern Trust Corp now owns 607,633 shares of the company’s stock valued at $37,831,000 after acquiring an additional 3,999 shares during the last quarter. BlackRock Inc. boosted its position in shares of Six Flags Entertainment by 4.8% during the 1st quarter. BlackRock Inc. now owns 6,473,311 shares of the company’s stock valued at $403,028,000 after acquiring an additional 294,624 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Six Flags Entertainment by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 487,510 shares of the company’s stock valued at $30,352,000 after acquiring an additional 1,929 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Six Flags Entertainment by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,961 shares of the company’s stock valued at $621,000 after acquiring an additional 853 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Six Flags Entertainment by 94.2% during the 1st quarter. Hsbc Holdings PLC now owns 7,740 shares of the company’s stock valued at $482,000 after acquiring an additional 3,755 shares during the last quarter. 94.58% of the stock is owned by institutional investors and hedge funds.

About Six Flags Entertainment (NYSE:SIX)

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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