SWS Partners purchased a new position in shares of Six Flags Entertainment Corp (NYSE:SIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,324 shares of the company’s stock, valued at approximately $2,085,000. Six Flags Entertainment accounts for approximately 1.6% of SWS Partners’ investment portfolio, making the stock its 16th biggest holding.
Several other institutional investors have also modified their holdings of SIX. Assetmark Inc. raised its position in shares of Six Flags Entertainment by 251.0% in the 4th quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock worth $103,000 after buying an additional 1,107 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of Six Flags Entertainment by 1,477.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock worth $142,000 after buying an additional 1,995 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter worth $151,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Six Flags Entertainment by 171.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock worth $193,000 after buying an additional 1,830 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Six Flags Entertainment in the 3rd quarter worth $205,000. 97.37% of the stock is currently owned by institutional investors.
Six Flags Entertainment Corp (NYSE:SIX) traded up $0.03 during trading hours on Tuesday, reaching $61.24. The company’s stock had a trading volume of 24,754 shares, compared to its average volume of 864,011. 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 Corp has a one year low of $51.25 and a one year high of $70.44. The stock has a market capitalization of $5,259.10, a price-to-earnings ratio of 19.07 and a beta of 1.15.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Six Flags Entertainment had a negative return on equity of 41.55% and a net margin of 20.15%. The company had revenue of $256.76 million for the quarter, compared to analyst estimates of $252.75 million. During the same period last year, the company posted $0.02 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. research analysts predict that Six Flags Entertainment Corp will post 2.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 19th were given a $0.78 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.70. This represents a $3.12 annualized dividend and a yield of 5.09%. Six Flags Entertainment’s dividend payout ratio (DPR) is 97.20%.
Several brokerages recently weighed in on SIX. Zacks Investment Research raised Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (up from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday, February 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.80.
In other news, CFO Marshall Barber sold 597 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the sale, the chief financial officer now directly owns 80,536 shares in the company, valued at $5,361,281.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance C. Balk sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total value of $6,567,000.00. Following the sale, the vice president now owns 15,738 shares of the company’s stock, valued at $1,033,514.46. The disclosure for this sale can be found here. Insiders sold 151,632 shares of company stock worth $10,052,457 over the last three months. 6.90% of the stock is currently owned by corporate insiders.
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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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