Insider Selling: Six Flags Entertainment Corp (SIX) CEO Sells $1,687,987.36 in Stock

Six Flags Entertainment Corp (NYSE:SIX) CEO James Reid-Anderson sold 25,456 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $66.31, for a total value of $1,687,987.36. Following the completion of the transaction, the chief executive officer now directly owns 3,520,146 shares of the company’s stock, valued at approximately $233,420,881.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

James Reid-Anderson also recently made the following trade(s):

  • On Wednesday, December 6th, James Reid-Anderson sold 78,614 shares of Six Flags Entertainment stock. The shares were sold at an average price of $66.32, for a total value of $5,213,680.48.
  • On Thursday, November 9th, James Reid-Anderson sold 41,008 shares of Six Flags Entertainment stock. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48.

Shares of Six Flags Entertainment Corp (NYSE SIX) opened at $65.29 on Friday. Six Flags Entertainment Corp has a twelve month low of $51.25 and a twelve month high of $66.64. The company has a market capitalization of $5,520.00, a P/E ratio of 31.63, a P/E/G ratio of 3.87 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The business had revenue of $580.40 million for the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. equities analysts predict that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 4.29%. Six Flags Entertainment’s dividend payout ratio is presently 133.97%.

Several research firms have recently issued reports on SIX. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Six Flags Entertainment in a research note on Thursday, October 12th. B. Riley reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Finally, KeyCorp began coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Six Flags Entertainment has a consensus rating of “Buy” and an average target price of $66.78.

A number of hedge funds have recently made changes to their positions in the stock. TD Asset Management Inc. boosted its holdings in Six Flags Entertainment by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after acquiring an additional 59 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Six Flags Entertainment by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after buying an additional 80 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Six Flags Entertainment by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after buying an additional 155 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Six Flags Entertainment by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares in the last quarter. Finally, Mariner Wealth Advisors LLC boosted its holdings in shares of Six Flags Entertainment by 6.0% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the company’s stock worth $313,000 after buying an additional 298 shares in the last quarter. Institutional investors and hedge funds own 99.45% of the company’s stock.

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About Six Flags Entertainment

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.

Insider Buying and Selling by Quarter for Six Flags Entertainment (NYSE:SIX)

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