Hemenway Trust Co LLC Grows Position in Six Flags Entertainment Corporation New (NYSE:SIX)

Hemenway Trust Co LLC raised its stake in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,460 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Hemenway Trust Co LLC’s holdings in Six Flags Entertainment Corporation New were worth $2,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ffcm LLC raised its position in shares of Six Flags Entertainment Corporation New by 114.8% during the 2nd quarter. Ffcm LLC now owns 2,631 shares of the company’s stock valued at $157,000 after buying an additional 1,406 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Six Flags Entertainment Corporation New by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after buying an additional 225 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Six Flags Entertainment Corporation New by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after buying an additional 155 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Six Flags Entertainment Corporation New during the 2nd quarter valued at about $185,000. Finally, First Trust Advisors LP purchased a new stake in Six Flags Entertainment Corporation New in the 3rd quarter worth about $205,000. 93.39% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jon L. Luther bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $52.58 per share, with a total value of $157,740.00. Following the transaction, the director now 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 hyperlink. Also, CEO James Reid-Anderson sold 41,008 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48. Following the completion of the transaction, the chief executive officer now owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at $65.27 on Wednesday. Six Flags Entertainment Corporation New has a one year low of $51.25 and a one year high of $65.75. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. The firm has a market capitalization of $5,470.00, a PE ratio of 30.95, a price-to-earnings-growth ratio of 3.87 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate 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 was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. equities research analysts expect that Six Flags Entertainment Corporation New will post 2.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is currently 122.49%.

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A number of analysts recently weighed in on SIX shares. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Hilliard Lyons raised 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. BidaskClub lowered shares of Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Janney Montgomery Scott restated a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.00.

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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