Insider Selling: Six Flags Entertainment Corp. (SIX) VP Sells 20,000 Shares of Stock

Six Flags Entertainment Corp. (NYSE:SIX) VP Lance C. Balk sold 20,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the sale, the vice president now owns 90,343 shares in the company, valued at $5,340,174.73. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of hedge funds and institutional investors recently modified their holdings of SIX. Sei Investments Co. increased its position in shares of Six Flags Entertainment Corp. by 186.3% in the fourth quarter. Sei Investments Co. now owns 49,425 shares of the company’s stock valued at $2,715,000 after buying an additional 32,160 shares during the period. Rhumbline Advisers increased its position in shares of Six Flags Entertainment Corp. by 1.3% in the fourth quarter. Rhumbline Advisers now owns 68,809 shares of the company’s stock valued at $3,780,000 after buying an additional 870 shares during the period. Finally, Janus Capital Management increased its position in shares of Six Flags Entertainment Corp. by 1.7% in the third quarter. Janus Capital Management now owns 3,797,806 shares of the company’s stock valued at $173,863,000 after buying an additional 65,266 shares during the period.

Six Flags Entertainment Corp. (NYSE:SIX) traded down 4.66% on Wednesday, hitting $56.69. 3,912,667 shares of the stock traded hands. Six Flags Entertainment Corp. has a 12-month low of $41.60 and a 12-month high of $62.69. The stock has a market capitalization of $5.29 billion and a P/E ratio of 31.05. The company’s 50 day moving average price is $57.92 and its 200-day moving average price is $55.44.

Six Flags Entertainment Corp. (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company had revenue of $407 million for the quarter, compared to analyst estimates of $406.13 million. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Analysts predict that Six Flags Entertainment Corp. will post $1.93 EPS for the current year.

A number of analysts have commented on SIX shares. Zacks Investment Research downgraded shares of Six Flags Entertainment Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Wedbush boosted their price target on shares of Six Flags Entertainment Corp. from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. B. Riley restated a “buy” rating and set a $65.00 price target on shares of Six Flags Entertainment Corp. in a research report on Tuesday. Oppenheimer Holdings Inc. boosted their price target on shares of Six Flags Entertainment Corp. from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 6th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Six Flags Entertainment Corp. in a research report on Tuesday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Six Flags Entertainment Corp. has a consensus rating of “Hold” and an average price target of $61.06.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.