Bahl & Gaynor Inc. Has $2.11 Million Position in Six Flags Entertainment Corp (SIX)

Bahl & Gaynor Inc. cut its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,227 shares of the company’s stock after selling 14,372 shares during the period. Bahl & Gaynor Inc.’s holdings in Six Flags Entertainment were worth $2,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SIX. FMR LLC purchased a new position in Six Flags Entertainment during the second quarter valued at $41,914,000. Robeco Institutional Asset Management B.V. lifted its position in Six Flags Entertainment by 10,214.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 464,463 shares of the company’s stock valued at $32,537,000 after purchasing an additional 459,960 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in Six Flags Entertainment during the second quarter valued at $26,240,000. Bank of New York Mellon Corp lifted its position in Six Flags Entertainment by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after purchasing an additional 288,077 shares in the last quarter. Finally, Boston Partners lifted its position in Six Flags Entertainment by 82.2% during the second quarter. Boston Partners now owns 606,578 shares of the company’s stock valued at $42,491,000 after purchasing an additional 273,680 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

In other news, CFO Marshall Barber sold 449 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $65.21, for a total value of $29,279.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Catherine Aslin sold 2,425 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $66.85, for a total value of $162,111.25. The disclosure for this sale can be found here. Insiders sold 2,934 shares of company stock worth $195,337 over the last 90 days. Company insiders own 6.90% of the company’s stock.

Several equities analysts recently weighed in on the company. Oppenheimer set a $80.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, November 15th. B. Riley lowered their target price on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. SunTrust Banks lowered their target price on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $68.63.

Shares of Six Flags Entertainment stock opened at $60.39 on Friday. Six Flags Entertainment Corp has a 52 week low of $51.91 and a 52 week high of $73.38. The stock has a market capitalization of $5.05 billion, a PE ratio of 28.35 and a beta of 1.21.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. The business had revenue of $619.82 million during the quarter, compared to analysts’ expectations of $633.03 million. As a group, sell-side analysts predict that Six Flags Entertainment Corp will post 2.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.43%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.78. The ex-dividend date is Wednesday, November 28th. Six Flags Entertainment’s payout ratio is presently 146.48%.

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Six Flags Entertainment 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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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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