Six Flags Entertainment Corp (NYSE:SIX) has earned a consensus recommendation of “Buy” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $69.50.
Several brokerages recently weighed in on SIX. Zacks Investment Research raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Saturday, February 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday, February 21st. Finally, Wedbush set a $76.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th.
In other Six Flags Entertainment news, CFO Marshall Barber sold 597 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total value of $39,742.29. Following the completion of the sale, the chief financial officer now owns 80,536 shares in the company, valued at approximately $5,361,281.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Reid-Anderson sold 50,931 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $67.52, for a total transaction of $3,438,861.12. Following the completion of the sale, the chief executive officer now owns 3,331,981 shares of the company’s stock, valued at approximately $224,975,357.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,632 shares of company stock worth $10,052,457. 6.90% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Park Avenue Securities LLC increased its stake in Six Flags Entertainment by 13.4% in the 3rd quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock valued at $411,000 after buying an additional 802 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Six Flags Entertainment by 17.2% during the 4th quarter. North Star Investment Management Corp. now owns 5,662 shares of the company’s stock worth $377,000 after purchasing an additional 829 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Six Flags Entertainment by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock worth $5,002,000 after purchasing an additional 874 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Six Flags Entertainment by 7.2% during the 3rd quarter. Pacer Advisors Inc. now owns 13,317 shares of the company’s stock worth $812,000 after purchasing an additional 897 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Six Flags Entertainment by 8.4% during the 4th quarter. LPL Financial LLC now owns 12,097 shares of the company’s stock worth $805,000 after purchasing an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.
Six Flags Entertainment (SIX) traded down $0.28 during mid-day trading on Friday, hitting $60.93. 257,588 shares of the stock were exchanged, compared to its average volume of 866,037. The company has a market cap of $5,259.10, a PE ratio of 18.97 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of -4.00. Six Flags Entertainment has a one year low of $51.25 and a one year high of $70.44.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $256.76 million for the quarter, compared to analysts’ expectations of $252.75 million. Six Flags Entertainment had a net margin of 20.15% and a negative return on equity of 41.55%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. research analysts forecast that Six Flags Entertainment will post 2.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 19th were given a $0.78 dividend. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 5.12%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 97.20%.
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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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