Caxton Associates LP Invests $360,000 in Six Flags Entertainment Corp (SIX)

Caxton Associates LP bought a new position in shares of Six Flags Entertainment Corp (NYSE:SIX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,900 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds have also recently added to or reduced their stakes in SIX. Janus Henderson Group PLC increased its holdings in Six Flags Entertainment by 985.4% in the second quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock valued at $202,268,000 after purchasing an additional 3,080,574 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Six Flags Entertainment by 542.2% in the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after acquiring an additional 661,690 shares during the period. Bank of New York Mellon Corp grew its stake in Six Flags Entertainment by 75.0% in the third quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock valued at $86,030,000 after acquiring an additional 605,027 shares during the period. Davidson Kempner Capital Management LP grew its stake in Six Flags Entertainment by 438.3% in the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after acquiring an additional 602,723 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Six Flags Entertainment in the second quarter valued at about $35,168,000. Institutional investors own 99.45% of the company’s stock.

Six Flags Entertainment Corp (SIX) traded up $0.23 during mid-day trading on Friday, hitting $65.70. The stock had a trading volume of 655,500 shares, compared to its average volume of 1,073,866. 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 $5,485.45, a PE ratio of 31.33, a P/E/G ratio of 3.83 and a beta of 1.17. Six Flags Entertainment Corp has a 52 week low of $51.25 and a 52 week high of $66.64.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.31. The company had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. Six Flags Entertainment’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. sell-side analysts anticipate that Six Flags Entertainment Corp will post 2.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 30th were given a dividend of $0.70 per share. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Wednesday, November 29th. Six Flags Entertainment’s dividend payout ratio is currently 133.97%.

SIX has been the subject of a number of research analyst reports. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Hilliard Lyons raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, August 30th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. KeyCorp initiated coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 target price for the company. Finally, FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Six Flags Entertainment has a consensus rating of “Buy” and a consensus target price of $66.78.

In other news, Chairman James Reid-Anderson sold 78,614 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total transaction of $5,213,680.48. Following the completion of the transaction, the chairman now directly owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 187,464 shares of company stock valued at $12,379,790 over the last ninety days. 6.90% of the stock is owned by insiders.

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Six Flags Entertainment 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 (NYSE:SIX)

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