Three Peaks Capital Management LLC lowered its position in Six Flags (NYSE:SIX) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 153,776 shares of the company’s stock after selling 8,673 shares during the quarter. Six Flags accounts for about 1.6% of Three Peaks Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Three Peaks Capital Management LLC’s holdings in Six Flags were worth $9,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of SIX. Schwab Charles Investment Management Inc. grew its holdings in shares of Six Flags by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 506,123 shares of the company’s stock worth $33,693,000 after acquiring an additional 38,119 shares during the period. SG Americas Securities LLC grew its holdings in Six Flags by 32.3% during the fourth quarter. SG Americas Securities LLC now owns 26,952 shares of the company’s stock valued at $1,794,000 after purchasing an additional 6,582 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Six Flags by 51.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,003 shares of the company’s stock valued at $266,000 after purchasing an additional 1,366 shares during the period. CIBC World Markets Inc. bought a new stake in Six Flags during the fourth quarter valued at about $509,000. Finally, Comerica Bank bought a new stake in Six Flags during the fourth quarter valued at about $4,194,000. 94.59% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research raised Six Flags from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Saturday, February 17th. Stifel Nicolaus reissued a “buy” rating and set a $78.00 price target (up previously from $72.00) on shares of Six Flags in a report on Wednesday, February 21st. Macquarie boosted their price target on Six Flags from $56.00 to $58.00 and gave the company an “underperform” rating in a report on Thursday, April 26th. B. Riley boosted their price target on Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Finally, ValuEngine raised Six Flags from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Six Flags presently has a consensus rating of “Buy” and a consensus price target of $69.55.
NYSE SIX opened at $69.74 on Thursday. The stock has a market capitalization of $5.63 billion, a PE ratio of 32.74 and a beta of 1.13. The company has a debt-to-equity ratio of -2.90, a current ratio of 0.37 and a quick ratio of 0.30. Six Flags has a twelve month low of $51.25 and a twelve month high of $70.44.
Six Flags (NYSE:SIX) last released its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.05. The firm had revenue of $128.96 million during the quarter, compared to analyst estimates of $118.75 million. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.63) earnings per share. equities research analysts predict that Six Flags will post 2.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Thursday, May 31st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Wednesday, May 30th. Six Flags’s dividend payout ratio (DPR) is 146.48%.
About Six Flags
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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