Six Flags Entertainment Corp (SIX) Shares Bought by Federated Investors Inc. PA

Federated Investors Inc. PA lifted its holdings in Six Flags Entertainment Corp (NYSE:SIX) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 740,731 shares of the company’s stock after purchasing an additional 15,894 shares during the quarter. Federated Investors Inc. PA’s holdings in Six Flags Entertainment were worth $51,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SIX. WealthPLAN Partners LLC boosted its position in Six Flags Entertainment by 19.7% during the 3rd quarter. WealthPLAN Partners LLC now owns 6,496 shares of the company’s stock worth $380,000 after acquiring an additional 1,070 shares during the last quarter. Morgan Stanley boosted its position in Six Flags Entertainment by 75.2% during the 3rd quarter. Morgan Stanley now owns 275,477 shares of the company’s stock worth $19,234,000 after acquiring an additional 118,210 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Six Flags Entertainment by 7,300.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 208,703 shares of the company’s stock worth $2,989,000 after acquiring an additional 205,883 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Six Flags Entertainment by 6.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 86,419 shares of the company’s stock worth $6,034,000 after acquiring an additional 5,485 shares during the last quarter. Finally, Summit Global Investments boosted its position in Six Flags Entertainment by 11.8% during the 3rd quarter. Summit Global Investments now owns 89,484 shares of the company’s stock worth $6,248,000 after acquiring an additional 9,442 shares during the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.

NYSE SIX opened at $59.16 on Friday. The company has a market capitalization of $4.96 billion, a PE ratio of 27.77 and a beta of 1.26. Six Flags Entertainment Corp has a 12 month low of $51.91 and a 12 month high of $73.38.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.16). The company had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. Analysts forecast that Six Flags Entertainment Corp will post 2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Thursday, November 29th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Wednesday, November 28th. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.78. Six Flags Entertainment’s dividend payout ratio is 153.99%.

Several research firms have recently commented on SIX. Oppenheimer set a $80.00 price objective on Six Flags Entertainment and gave the company a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Berenberg Bank began coverage on Six Flags Entertainment in a report on Wednesday. They issued a “buy” rating and a $70.00 price objective for the company. Macquarie raised Six Flags Entertainment from an “underperform” rating to a “neutral” rating and set a $54.00 price objective for the company in a report on Friday, October 26th. Finally, B. Riley cut their price objective on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.78.

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About Six Flags Entertainment

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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