Pacer Advisors Inc. Has $627,000 Position in Six Flags Entertainment Corporation New (SIX)

Pacer Advisors Inc. increased its position in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 19.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,535 shares of the company’s stock after buying an additional 1,684 shares during the period. Pacer Advisors Inc.’s holdings in Six Flags Entertainment Corporation New were worth $627,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. William Blair Investment Management LLC raised its stake in shares of Six Flags Entertainment Corporation New by 9.2% in the fourth quarter. William Blair Investment Management LLC now owns 4,818,670 shares of the company’s stock worth $288,927,000 after buying an additional 405,074 shares in the last quarter. CI Investments Inc. raised its stake in Six Flags Entertainment Corporation New by 51.7% in the first quarter. CI Investments Inc. now owns 2,610,075 shares of the company’s stock worth $155,273,000 after buying an additional 889,300 shares in the last quarter. Northern Trust Corp raised its stake in Six Flags Entertainment Corporation New by 1.2% in the third quarter. Northern Trust Corp now owns 970,563 shares of the company’s stock worth $52,031,000 after buying an additional 11,782 shares in the last quarter. GW&K Investment Management LLC raised its stake in Six Flags Entertainment Corporation New by 4.4% in the first quarter. GW&K Investment Management LLC now owns 824,337 shares of the company’s stock worth $49,040,000 after buying an additional 34,515 shares in the last quarter. Finally, Norges Bank acquired a new stake in Six Flags Entertainment Corporation New during the fourth quarter worth approximately $44,628,000. 88.21% of the stock is owned by institutional investors and hedge funds.

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

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) traded down 0.20% during trading on Friday, reaching $58.43. 1,040,348 shares of the company traded hands. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19. The company’s 50-day moving average price is $61.10 and its 200-day moving average price is $60.05. The company has a market capitalization of $5.29 billion, a P/E ratio of 51.21 and a beta of 1.23.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, April 26th. The company reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.03. The company had revenue of $99.50 million during the quarter, compared to the consensus estimate of $107.58 million. Six Flags Entertainment Corporation New had a negative return on equity of 89.39% and a net margin of 8.26%. Six Flags Entertainment Corporation New’s revenue was down 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.51) earnings per share. Equities research analysts forecast that Six Flags Entertainment Corporation New will post $2.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Thursday, May 25th were given a dividend of $0.64 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $2.56 annualized dividend and a dividend yield of 4.38%. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is 226.55%.

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Several equities analysts have recently issued reports on SIX shares. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $69.00 price target on shares of Six Flags Entertainment Corporation New in a report on Monday, May 1st. ValuEngine raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. SunTrust Banks, Inc. started coverage on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, April 12th. They set a “buy” rating and a $66.00 price objective on the stock. Janney Montgomery Scott restated a “buy” rating and set a $67.00 price objective (up from $62.00) on shares of Six Flags Entertainment Corporation New in a research note on Thursday, February 23rd. They noted that the move was a valuation call. Finally, Hilliard Lyons lowered shares of Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Six Flags Entertainment Corporation New has a consensus rating of “Buy” and an average target price of $65.27.

In related news, Director Usman Nabi sold 5,060,628 shares of Six Flags Entertainment Corporation New stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $61.36, for a total value of $310,520,134.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brett Petit sold 20,000 shares of Six Flags Entertainment Corporation New stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $64.95, for a total value of $1,299,000.00. Following the completion of the transaction, the vice president now owns 150,433 shares in the company, valued at approximately $9,770,623.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,159,620 shares of company stock valued at $316,956,774. Corporate insiders own 6.90% 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.

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