WealthPLAN Partners LLC acquired a new stake in shares of Six Flags Entertainment Corp (NYSE:SIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,255 shares of the company’s stock, valued at approximately $217,000.
Several other institutional investors and hedge funds also recently made changes to their positions in SIX. Renaissance Technologies LLC acquired a new position in shares of Six Flags Entertainment during the fourth quarter valued at about $49,415,000. Bank of New York Mellon Corp raised its position in shares of Six Flags Entertainment by 75.0% during the third quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock valued at $86,030,000 after buying an additional 605,027 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of Six Flags Entertainment by 95.3% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,152,374 shares of the company’s stock valued at $70,226,000 after buying an additional 562,414 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Six Flags Entertainment during the third quarter valued at about $27,914,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Six Flags Entertainment by 132.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 785,710 shares of the company’s stock valued at $52,305,000 after buying an additional 447,635 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.
In other news, VP Lance C. Balk sold 100,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the sale, the vice president now directly owns 15,738 shares of the company’s stock, valued at $1,033,514.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Barber sold 597 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total transaction of $39,742.29. Following the sale, the chief financial officer now directly owns 80,536 shares in the company, valued at $5,361,281.52. The disclosure for this sale can be found here. Insiders have sold 100,701 shares of company stock worth $6,613,596 over the last ninety days. Insiders own 6.90% of the company’s stock.
Six Flags Entertainment Corp (NYSE:SIX) opened at $60.08 on Friday. Six Flags Entertainment Corp has a 52-week low of $51.25 and a 52-week high of $70.44. The company has a debt-to-equity ratio of -4.00, a current ratio of 0.74 and a quick ratio of 0.66. The stock has a market cap of $5,162.72, a PE ratio of 18.72 and a beta of 1.15.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $256.76 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. analysts expect that Six Flags Entertainment Corp will post 2.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 19th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 5.19%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, February 15th. Six Flags Entertainment’s dividend payout ratio is currently 97.20%.
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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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