Richard Roedel Purchases 5,662 Shares of Six Flags Entertainment Corp (NYSE:SIX) Stock

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Six Flags Entertainment Corp (NYSE:SIX) Director Richard Roedel acquired 5,662 shares of the business’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $44.13 per share, for a total transaction of $249,864.06. Following the completion of the acquisition, the director now directly owns 16,738 shares in the company, valued at $738,647.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of SIX opened at $45.92 on Thursday. The business’s 50-day moving average price is $47.42 and its 200-day moving average price is $51.94. Six Flags Entertainment Corp has a twelve month low of $40.72 and a twelve month high of $64.28. The stock has a market cap of $3.70 billion, a PE ratio of 14.22, a P/E/G ratio of 2.48 and a beta of 0.92.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.19). Six Flags Entertainment had a net margin of 18.02% and a negative return on equity of 38.61%. The company had revenue of $621.18 million for the quarter, compared to the consensus estimate of $643.90 million. During the same quarter in the prior year, the company earned $2.16 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Six Flags Entertainment Corp will post 2.68 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SIX. Whitener Capital Management Inc. bought a new stake in shares of Six Flags Entertainment during the second quarter valued at about $44,000. Girard Partners LTD. bought a new stake in shares of Six Flags Entertainment during the third quarter valued at about $86,000. AdvisorNet Financial Inc bought a new stake in shares of Six Flags Entertainment during the third quarter valued at about $119,000. Victory Capital Management Inc. increased its position in shares of Six Flags Entertainment by 8.0% during 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 period. Finally, Machina Capital S.A.S. bought a new stake in shares of Six Flags Entertainment during the second quarter valued at about $178,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

SIX has been the topic of a number of research analyst reports. Berenberg Bank downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a report on Friday, November 1st. SunTrust Banks cut their price target on shares of Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. They noted that the move was a valuation call. B. Riley cut their price target on shares of Six Flags Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. KeyCorp restated a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Six Flags Entertainment in a research note on Friday, October 25th. They noted that the move was a valuation call. Finally, Wedbush lowered their price objective on Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.00.

Six Flags Entertainment Company 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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