Six Flags Entertainment Corporation New (SIX) Stake Decreased by State of Wisconsin Investment Board

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Six Flags Entertainment Corporation New by 2,062.3% during the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after buying an additional 238,134 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Six Flags Entertainment Corporation New by 72.5% during the first quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock worth $58,337,000 after buying an additional 412,040 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Six Flags Entertainment Corporation New by 20.9% during the first quarter. Parametric Portfolio Associates LLC now owns 214,016 shares of the company’s stock worth $12,732,000 after buying an additional 36,941 shares in the last quarter. State Street Corp increased its holdings in shares of Six Flags Entertainment Corporation New by 4.4% during the first quarter. State Street Corp now owns 1,003,520 shares of the company’s stock worth $59,696,000 after buying an additional 42,067 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Six Flags Entertainment Corporation New by 2.7% during the second quarter. GW&K Investment Management LLC now owns 846,542 shares of the company’s stock worth $50,462,000 after buying an additional 22,205 shares in the last quarter. 88.63% of the stock is owned by institutional investors.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon L. Luther purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $52.58 per share, with a total value of $157,740.00. Following the completion of the transaction, the director now owns 53,511 shares in the company, valued at approximately $2,813,608.38. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.

Several analysts have recently weighed in on SIX shares. ValuEngine raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Wedbush dropped their price objective on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, June 8th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Six Flags Entertainment Corporation New presently has an average rating of “Buy” and an average price target of $65.67.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 52.67 on Friday. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19. The stock’s 50 day moving average is $54.54 and its 200 day moving average is $58.52. The company has a market capitalization of $4.51 billion, a PE ratio of 48.95 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.11. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Six Flags Entertainment Corporation New will post $1.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 31st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.86%. The ex-dividend date is Tuesday, August 29th. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is currently 239.25%.

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

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