American International Group Inc. lowered its holdings in Six Flags Entertainment Corp (NYSE:SIX) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,187 shares of the company’s stock after selling 1,617 shares during the period. American International Group Inc.’s holdings in Six Flags Entertainment were worth $10,730,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its position in Six Flags Entertainment by 1,477.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after purchasing an additional 1,995 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Six Flags Entertainment in the fourth quarter valued at $151,000. Benjamin F. Edwards & Company Inc. grew its position in Six Flags Entertainment by 171.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock valued at $193,000 after purchasing an additional 1,830 shares in the last quarter. First Trust Advisors LP bought a new position in Six Flags Entertainment in the third quarter valued at $205,000. Finally, Wedbush Securities Inc. bought a new position in Six Flags Entertainment in the fourth quarter valued at $225,000. 98.71% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on SIX shares. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday, February 21st. Wedbush set a $76.00 target price on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, B. Riley reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Six Flags Entertainment presently has a consensus rating of “Buy” and an average target price of $68.80.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $256.76 million during 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. equities research analysts expect that Six Flags Entertainment Corp will post 2.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 4.66%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 140.54%.
In other Six Flags Entertainment news, CFO Marshall Barber sold 597 shares of the stock in a transaction on 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 $5,361,281.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Reid-Anderson sold 25,456 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $66.31, for a total transaction of $1,687,987.36. Following the completion of the sale, the chief executive officer now owns 3,520,146 shares of the company’s stock, valued at approximately $233,420,881.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,778 shares of company stock valued at $16,081,403. Corporate insiders own 6.90% of the company’s stock.
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Six Flags Entertainment Profile
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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