Insider Selling: Six Flags Entertainment Corporation New (SIX) CEO Sells 41,008 Shares of Stock

Six Flags Entertainment Corporation New (NYSE:SIX) CEO James Reid-Anderson sold 41,008 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the transaction, the chief executive officer now owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Six Flags Entertainment Corporation New (SIX) traded down $0.42 during mid-day trading on Monday, hitting $64.68. 763,600 shares of the stock were exchanged, compared to its average volume of 1,104,962. Six Flags Entertainment Corporation New has a 52 week low of $51.25 and a 52 week high of $65.75. The firm has a market cap of $5,430.00, a PE ratio of 30.95, a price-to-earnings-growth ratio of 3.87 and a beta of 1.16. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.31. The company had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. research analysts forecast that Six Flags Entertainment Corporation New will post 2.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.33%. This is a boost from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is 122.49%.

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Several equities analysts recently commented on SIX shares. Hilliard Lyons upgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, August 30th. KeyCorp started coverage on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, August 30th. They set an “overweight” rating and a $59.00 target price for the company. Macquarie cut shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.00.

Institutional investors have recently made changes to their positions in the stock. Ffcm LLC increased its position in shares of Six Flags Entertainment Corporation New by 114.8% during the 2nd quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after purchasing an additional 1,406 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Six Flags Entertainment Corporation New by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after purchasing an additional 225 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Six Flags Entertainment Corporation New by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after purchasing an additional 155 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Six Flags Entertainment Corporation New during the 2nd quarter worth about $185,000. Finally, First Trust Advisors LP acquired a new stake in shares of Six Flags Entertainment Corporation New during the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Six Flags Entertainment Corporation New

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.

Insider Buying and Selling by Quarter for Six Flags Entertainment Corporation New (NYSE:SIX)

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