D. E. Shaw & Co. Inc. cut its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,862,163 shares of the company’s stock after selling 256,686 shares during the quarter. D. E. Shaw & Co. Inc. owned 2.21% of Six Flags Entertainment worth $92,512,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Synovus Financial Corp acquired a new position in shares of Six Flags Entertainment during the 1st quarter valued at $25,000. Whitener Capital Management Inc. acquired a new position in shares of Six Flags Entertainment in the 2nd quarter worth $44,000. BNP Paribas Arbitrage SA grew its holdings in shares of Six Flags Entertainment by 101.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,540 shares of the company’s stock worth $125,000 after acquiring an additional 1,278 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Six Flags Entertainment by 30.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,883 shares of the company’s stock worth $142,000 after acquiring an additional 671 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of Six Flags Entertainment in the 2nd quarter worth $178,000. Institutional investors own 85.16% of the company’s stock.
SIX has been the topic of a number of recent research reports. B. Riley lifted their target price on Six Flags Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $52.00 to $56.00 in a report on Tuesday, July 9th. ValuEngine cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Wedbush upgraded Six Flags Entertainment from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $51.00 to $62.00 in a report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Six Flags Entertainment currently has a consensus rating of “Buy” and an average price target of $62.70.
Shares of Six Flags Entertainment stock traded down $0.87 during midday trading on Friday, hitting $52.25. The company’s stock had a trading volume of 1,451,151 shares, compared to its average volume of 1,049,167. The firm has a market capitalization of $4.57 billion, a P/E ratio of 16.18, a PEG ratio of 2.89 and a beta of 1.02. The stock has a 50-day simple moving average of $55.87 and a 200-day simple moving average of $52.64. Six Flags Entertainment Corp has a 1-year low of $46.68 and a 1-year high of $71.27.
Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, July 24th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The business had revenue of $477.20 million during the quarter, compared to analysts’ expectations of $468.44 million. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. Six Flags Entertainment’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, analysts forecast that Six Flags Entertainment Corp will post 2.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a $0.82 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $3.28 annualized dividend and a dividend yield of 6.28%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 101.55%.
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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