First Trust Advisors LP Takes Position in Six Flags Entertainment Corp (SIX)

First Trust Advisors LP bought a new position in Six Flags Entertainment Corp (NYSE:SIX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,360 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nationwide Fund Advisors raised its holdings in shares of Six Flags Entertainment by 50.7% during the third quarter. Nationwide Fund Advisors now owns 198,368 shares of the company’s stock worth $12,089,000 after acquiring an additional 66,718 shares during the period. Advisors Capital Management LLC raised its holdings in shares of Six Flags Entertainment by 2.1% during the third quarter. Advisors Capital Management LLC now owns 369,133 shares of the company’s stock worth $22,495,000 after acquiring an additional 7,586 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $272,000. LS Investment Advisors LLC acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $367,000. Finally, State Treasurer State of Michigan acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $1,804,000. Institutional investors own 99.45% of the company’s stock.

In related news, Chairman James Reid-Anderson sold 78,614 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $66.32, for a total value of $5,213,680.48. Following the completion of the transaction, the chairman now owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 187,464 shares of company stock valued at $12,379,790. 6.90% of the stock is owned by insiders.

SIX has been the topic of a number of research analyst reports. Janney Montgomery Scott restated a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment in a report on Tuesday, August 15th. Hilliard Lyons upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, August 30th. KeyCorp initiated coverage on shares of Six Flags Entertainment in a report on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price objective on the stock. FBR & Co restated a “buy” rating and set a $65.00 price objective on shares of Six Flags Entertainment in a report on Monday, September 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $72.00 price objective on shares of Six Flags Entertainment in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $66.78.

Six Flags Entertainment Corp (NYSE:SIX) traded down $0.87 during trading on Wednesday, reaching $65.50. 874,100 shares of the company were exchanged, compared to its average volume of 1,076,951. The company has a market capitalization of $5,560.86, a P/E ratio of 31.76, a P/E/G ratio of 3.89 and a beta of 1.17. Six Flags Entertainment Corp has a 1-year low of $51.25 and a 1-year high of $66.64. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 had a net margin of 13.24% and a negative return on equity of 47.41%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. analysts predict that Six Flags Entertainment Corp will post 2.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s dividend payout ratio (DPR) is 133.97%.

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About Six Flags Entertainment

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

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