Six Flags Entertainment Corporation New (NYSE:SIX) Sees Large Growth in Short Interest

Six Flags Entertainment Corporation New (NYSE:SIX) was the target of a large growth in short interest in October. As of October 13th, there was short interest totalling 11,488,665 shares, a growth of 35.6% from the September 29th total of 8,473,508 shares. Currently, 14.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,020,439 shares, the short-interest ratio is presently 11.3 days.

Six Flags Entertainment Corporation New (SIX) opened at $64.68 on Monday. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The company has a market capitalization of $5,419.26, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.87 and a beta of 1.15. Six Flags Entertainment Corporation New has a 52 week low of $51.25 and a 52 week high of $65.75.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. The company had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. Six Flags Entertainment Corporation New’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. analysts anticipate that Six Flags Entertainment Corporation New will post 2.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 30th will be given a $0.70 dividend. This is a positive change from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, November 29th. Six Flags Entertainment Corporation New’s dividend payout ratio is presently 122.49%.

Several brokerages have recently weighed in on SIX. B. Riley reissued a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. TheStreet upgraded shares of Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Friday, October 27th. Finally, FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.00.

In other Six Flags Entertainment Corporation New news, Director Jon L. Luther acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the purchase, the director now owns 53,511 shares in the company, valued at approximately $2,813,608.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of SIX. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Six Flags Entertainment Corporation New by 9.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,421 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Six Flags Entertainment Corporation New during the 2nd quarter valued at approximately $255,000. Brookstone Capital Management bought a new stake in Six Flags Entertainment Corporation New during the 2nd quarter valued at approximately $277,000. TD Asset Management Inc. boosted its stake in Six Flags Entertainment Corporation New by 0.4% during the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after purchasing an additional 59 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in Six Flags Entertainment Corporation New by 542.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after purchasing an additional 661,690 shares during the period. 93.39% of the stock is currently owned by institutional investors.

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About Six Flags Entertainment Corporation New

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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