Six Flags Entertainment Corp (SIX) Director Purchases $253,850.00 in Stock

Six Flags Entertainment Corp (NYSE:SIX) Director Usman Nabi acquired 5,000 shares of Six Flags Entertainment stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $50.77 per share, with a total value of $253,850.00. Following the transaction, the director now owns 7,520 shares of the company’s stock, valued at $381,790.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Six Flags Entertainment stock opened at $51.42 on Friday. Six Flags Entertainment Corp has a 12-month low of $49.14 and a 12-month high of $73.38. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.92 and a beta of 1.16.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, February 14th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.65. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. The company had revenue of $269.50 million during the quarter, compared to analysts’ expectations of $284.50 million. During the same period last year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Six Flags Entertainment Corp will post 2.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 18th were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, February 14th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.38%. Six Flags Entertainment’s dividend payout ratio (DPR) is 101.55%.

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank increased its stake in shares of Six Flags Entertainment by 37.0% during the 4th quarter. Comerica Bank now owns 62,332 shares of the company’s stock worth $3,812,000 after purchasing an additional 16,850 shares in the last quarter. Capital World Investors purchased a new position in shares of Six Flags Entertainment during the 3rd quarter worth approximately $167,568,000. Jane Street Group LLC purchased a new position in shares of Six Flags Entertainment during the 3rd quarter worth approximately $443,000. Deutsche Bank AG increased its stake in shares of Six Flags Entertainment by 120.8% during the 3rd quarter. Deutsche Bank AG now owns 293,781 shares of the company’s stock worth $20,510,000 after purchasing an additional 160,714 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in shares of Six Flags Entertainment by 48.2% during the 3rd quarter. Vident Investment Advisory LLC now owns 22,552 shares of the company’s stock worth $1,575,000 after purchasing an additional 7,331 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on SIX shares. Oppenheimer set a $80.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, November 15th. Berenberg Bank began coverage on shares of Six Flags Entertainment in a report on Wednesday, December 12th. They issued a “buy” rating and a $70.00 target price for the company. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Wells Fargo & Co raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. Finally, ValuEngine cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Six Flags Entertainment presently has a consensus rating of “Buy” and an average target price of $66.11.

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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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