Ladenburg Thalmann Financial Services Inc. cut its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,894 shares of the company’s stock after selling 1,852 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Six Flags Entertainment were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Whitener Capital Management Inc. bought a new position in Six Flags Entertainment during the second quarter worth $44,000. Victory Capital Management Inc. lifted its stake in Six Flags Entertainment by 8.0% in the second quarter. Victory Capital Management Inc. now owns 3,115 shares of the company’s stock valued at $155,000 after buying an additional 232 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Six Flags Entertainment by 3,500.0% in the first quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock valued at $176,000 after buying an additional 3,500 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Six Flags Entertainment in the second quarter valued at $178,000. Finally, Cetera Advisor Networks LLC bought a new stake in Six Flags Entertainment in the second quarter valued at $200,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.
In related news, CFO Marshall Barber sold 468 shares of Six Flags Entertainment stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.98, for a total transaction of $27,602.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 643 shares of company stock worth $37,865. Company insiders own 5.90% of the company’s stock.
SIX stock opened at $50.35 on Friday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.64 and a beta of 0.99. Six Flags Entertainment Corp has a 1 year low of $46.68 and a 1 year high of $69.45. The stock’s fifty day moving average is $54.39 and its two-hundred day moving average is $52.58.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The business had revenue of $477.20 million for the quarter, compared to analysts’ expectations of $468.44 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Analysts predict that Six Flags Entertainment Corp will post 2.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Wednesday, September 4th. Six Flags Entertainment’s dividend payout ratio is currently 101.55%.
A number of equities research analysts have issued reports on the company. B. Riley raised their target price on Six Flags Entertainment from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and raised their target price for the company from $52.00 to $56.00 in a research note on Tuesday, July 9th. Finally, Wedbush upgraded Six Flags Entertainment from a “neutral” rating to an “outperform” rating and raised their target price for the company from $51.00 to $62.00 in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Six Flags Entertainment presently has a consensus rating of “Buy” and a consensus target price of $62.70.
Six Flags Entertainment Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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