Shares of Six Flags Entertainment Corp (NYSE:SIX) have earned an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $69.00.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. B. Riley restated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. Wedbush set a $76.00 target price on Six Flags Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a research report on Friday, October 27th.
In other Six Flags Entertainment news, CEO James Reid-Anderson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $66.25, for a total value of $66,250.00. Following the completion of the sale, the chief executive officer now owns 3,461,778 shares in the company, valued at $229,342,792.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 240,181 shares of company stock valued at $16,041,661 in the last quarter. Corporate insiders own 6.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its position in Six Flags Entertainment by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,421 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Six Flags Entertainment by 82.6% during the third quarter. Legal & General Group Plc now owns 87,753 shares of the company’s stock valued at $5,348,000 after buying an additional 39,689 shares during the period. Emerald Advisers Inc. PA increased its stake in shares of Six Flags Entertainment by 8.0% during the third quarter. Emerald Advisers Inc. PA now owns 36,162 shares of the company’s stock valued at $2,204,000 after buying an additional 2,668 shares during the period. Cambridge Trust Co. increased its stake in shares of Six Flags Entertainment by 95.8% during the third quarter. Cambridge Trust Co. now owns 237,006 shares of the company’s stock valued at $14,444,000 after buying an additional 115,970 shares during the period. Finally, BT Investment Management Ltd purchased a new position in shares of Six Flags Entertainment during the third quarter valued at approximately $262,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Shares of Six Flags Entertainment (NYSE SIX) opened at $69.38 on Tuesday. The firm has a market capitalization of $5,813.06, a P/E ratio of 33.20, a P/E/G ratio of 3.70 and a beta of 1.15. Six Flags Entertainment has a 12-month low of $51.25 and a 12-month high of $70.44. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be given a $0.78 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 4.50%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.70. Six Flags Entertainment’s payout ratio is presently 149.28%.
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About Six Flags Entertainment
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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