Two Sigma Advisers LP Takes $10.29 Million Position in Six Flags Entertainment Corp (SIX)

Two Sigma Advisers LP bought a new stake in Six Flags Entertainment Corp (NYSE:SIX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 154,614 shares of the company’s stock, valued at approximately $10,293,000.

Several other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Six Flags Entertainment by 10.3% in the third quarter. Janus Henderson Group PLC now owns 3,742,195 shares of the company’s stock valued at $228,049,000 after buying an additional 348,991 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Six Flags Entertainment by 1.9% in the fourth quarter. Thrivent Financial For Lutherans now owns 1,593,898 shares of the company’s stock valued at $106,106,000 after buying an additional 29,180 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Six Flags Entertainment by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,424,909 shares of the company’s stock valued at $94,855,000 after buying an additional 13,180 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Six Flags Entertainment by 95.3% in 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Six Flags Entertainment by 15.0% in the third quarter. Ameriprise Financial Inc. now owns 930,267 shares of the company’s stock valued at $56,683,000 after buying an additional 121,519 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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SIX has been the subject of a number of recent research reports. Zacks Investment Research lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Wedbush set a $76.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags Entertainment in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $68.80.

In related news, VP Lance C. Balk sold 100,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the completion of the transaction, the vice president now owns 15,738 shares of the company’s stock, valued at $1,033,514.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief financial officer now directly owns 80,536 shares of the company’s stock, valued at approximately $5,361,281.52. The disclosure for this sale can be found here. Insiders sold 100,701 shares of company stock valued at $6,613,596 in the last three months. 6.90% of the stock is currently owned by company insiders.

Six Flags Entertainment stock opened at $59.50 on Friday. The company has a market capitalization of $5,030.84, a PE ratio of 26.80 and a beta of 1.15. Six Flags Entertainment Corp has a 1-year low of $51.25 and a 1-year high of $70.44. 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 (NYSE:SIX) last issued 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 the consensus estimate of $252.75 million. Six Flags Entertainment had a negative return on equity of 41.55% and a net margin of 20.15%. Six Flags Entertainment’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 earnings per share. equities analysts forecast that Six Flags Entertainment Corp will post 2.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 19th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 5.24%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.70. 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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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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