Six Flags Entertainment Target of Unusually Large Options Trading (NYSE:SIX)

Six Flags Entertainment Corp (NYSE:SIX) was the target of some unusual options trading on Monday. Stock traders acquired 3,228 put options on the stock. This is an increase of 4,147% compared to the average volume of 76 put options.

Shares of Six Flags Entertainment (SIX) traded down $1.86 during trading hours on Friday, hitting $66.20. The company had a trading volume of 761,987 shares, compared to its average volume of 755,789. The stock has a market capitalization of $5,550.00, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.60 and a beta of 1.15. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. Six Flags Entertainment has a one year low of $51.25 and a one year high of $69.99.

SIX has been the subject of a number of analyst reports. Zacks Investment Research upgraded Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, January 19th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a report on Friday, October 27th. FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Finally, Wedbush set a $76.00 target price on Six Flags Entertainment and gave the stock a “buy” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $68.20.

In related news, Chairman James Reid-Anderson sold 78,614 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total value of $5,213,680.48. Following the sale, the chairman now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders sold 281,139 shares of company stock worth $18,706,366 over the last ninety days. 6.90% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of Six Flags Entertainment by 9.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock valued at $1,000,000 after buying an additional 1,421 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Six Flags Entertainment during the second quarter valued at approximately $255,000. Thrivent Financial For Lutherans boosted its position in shares of Six Flags Entertainment by 542.2% during the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after buying an additional 661,690 shares during the last quarter. Legal & General Group Plc boosted its position in Six Flags Entertainment by 82.6% in the third quarter. Legal & General Group Plc now owns 87,753 shares of the company’s stock worth $5,348,000 after purchasing an additional 39,689 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Six Flags Entertainment by 5.4% in the second quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock worth $8,139,000 after purchasing an additional 6,986 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors.

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Six Flags Entertainment 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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