Six Flags Entertainment Corporation New (SIX) CEO James Reid-Anderson Sells 41,008 Shares

Six Flags Entertainment Corporation New (NYSE:SIX) CEO James Reid-Anderson sold 41,008 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48. Following the completion of the sale, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at $64.73 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. The stock has a market capitalization of $5,419.26, a P/E ratio of 30.95, a PEG ratio of 3.87 and a beta of 1.15. Six Flags Entertainment Corporation New has a 52-week low of $51.25 and a 52-week high of $65.75.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. Six Flags Entertainment Corporation New’s payout ratio is currently 122.49%.

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Several brokerages recently weighed in on SIX. B. Riley reissued a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, November 1st. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. TheStreet upgraded Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Friday, October 27th. Finally, FBR & Co restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $67.00.

Several hedge funds and other institutional investors have recently modified their holdings of SIX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Six Flags Entertainment Corporation New by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares during the period. Ffcm LLC boosted its position in shares of Six Flags Entertainment Corporation New by 114.8% during the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after buying an additional 1,406 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Six Flags Entertainment Corporation New by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after buying an additional 155 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth approximately $185,000. Finally, Parametrica Management Ltd acquired a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth approximately $205,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Six Flags Entertainment Corporation New Company 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.

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

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