Six Flags Entertainment Corp (NYSE:SIX) Director Kurt Matthew Cellar purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $49.46 per share, for a total transaction of $741,900.00. Following the purchase, the director now owns 70,116 shares of the company’s stock, valued at approximately $3,467,937.36. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
SIX stock traded up $0.50 during trading on Thursday, reaching $51.42. 1,069,317 shares of the company traded hands, compared to its average volume of 1,369,245. Six Flags Entertainment Corp has a 12 month low of $49.14 and a 12 month high of $73.38. The company has a market cap of $4.32 billion, a P/E ratio of 15.92 and a beta of 1.16.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.65. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The company had revenue of $269.50 million for the quarter, compared to the consensus estimate of $284.50 million. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Six Flags Entertainment Corp will post 2.8 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on SIX shares. Oppenheimer dropped their price objective on Six Flags Entertainment from $80.00 to $68.00 in a research report on Thursday, January 17th. Berenberg Bank started coverage on Six Flags Entertainment in a research report on Wednesday, December 12th. They set a “buy” rating and a $70.00 price objective on the stock. TheStreet downgraded Six Flags Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $66.11.
A number of hedge funds and other institutional investors have recently modified their holdings of SIX. First Trust Advisors LP boosted its holdings in Six Flags Entertainment by 441.3% in the third quarter. First Trust Advisors LP now owns 83,644 shares of the company’s stock worth $5,840,000 after acquiring an additional 68,191 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Six Flags Entertainment by 26.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 88,805 shares of the company’s stock worth $6,200,000 after acquiring an additional 18,668 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Six Flags Entertainment by 76.3% during the 3rd quarter. MML Investors Services LLC now owns 20,577 shares of the company’s stock worth $1,437,000 after acquiring an additional 8,907 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new position in shares of Six Flags Entertainment during the 3rd quarter worth about $361,000. Finally, Alliancebernstein L.P. boosted its position in shares of Six Flags Entertainment by 130.6% during the 3rd quarter. Alliancebernstein L.P. now owns 102,414 shares of the company’s stock worth $7,151,000 after acquiring an additional 58,001 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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