State of Wisconsin Investment Board Trims Stake in Six Flags Entertainment Corporation New (SIX)

State of Wisconsin Investment Board decreased its position in Six Flags Entertainment Corporation New (NYSE:SIX) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,194 shares of the company’s stock after selling 90 shares during the quarter. State of Wisconsin Investment Board’s holdings in Six Flags Entertainment Corporation New were worth $846,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avenir Corp increased its holdings in shares of Six Flags Entertainment Corporation New by 0.6% in the 1st quarter. Avenir Corp now owns 5,880 shares of the company’s stock valued at $350,000 after acquiring an additional 35 shares during the period. Banced Corp grew its position in Six Flags Entertainment Corporation New by 0.5% in the 2nd quarter. Banced Corp now owns 7,752 shares of the company’s stock valued at $462,000 after buying an additional 38 shares during the last quarter. TD Asset Management Inc. grew its position in Six Flags Entertainment Corporation New by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after buying an additional 59 shares during the last quarter. Teacher Retirement System of Texas grew its position in Six Flags Entertainment Corporation New by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock valued at $347,000 after buying an additional 80 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Six Flags Entertainment Corporation New by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock valued at $2,024,000 after buying an additional 151 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors.

Six Flags Entertainment Corporation New (NYSE SIX) opened at 58.96 on Friday. Six Flags Entertainment Corporation New has a 12-month low of $50.33 and a 12-month high of $65.19. The firm has a 50-day moving average price of $54.46 and a 200-day moving average price of $58.33. The stock has a market cap of $5.05 billion, a PE ratio of 54.80 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.11). The business had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. Analysts forecast that Six Flags Entertainment Corporation New will post $1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 31st were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is 239.25%.

Several brokerages have commented on SIX. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, June 28th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Janney Montgomery Scott reiterated a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. Finally, Hilliard Lyons upgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Six Flags Entertainment Corporation New has a consensus rating of “Buy” and an average target price of $66.45.

In related news, Director Jon L. Luther bought 3,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $52.58 per share, with a total value of $157,740.00. Following the transaction, the director now directly owns 53,511 shares in the company, valued at $2,813,608.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

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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.

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

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