Oppenheimer & Co. Inc. lowered its stake in shares of Six Flags Entertainment Corp. (NYSE:SIX) by 62.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,697 shares of the company’s stock after selling 7,758 shares during the period. Oppenheimer & Co. Inc.’s holdings in Six Flags Entertainment Corp. were worth $272,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. acquired a new stake in Six Flags Entertainment Corp. during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Six Flags Entertainment Corp. during the second quarter valued at approximately $113,000. Checchi Capital Advisers LLC boosted its stake in Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock valued at $114,000 after buying an additional 56 shares during the period. First Quadrant L P CA boosted its stake in Six Flags Entertainment Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 2,617 shares of the company’s stock valued at $152,000 after buying an additional 117 shares during the period. Finally, GWM Advisors LLC acquired a new stake in Six Flags Entertainment Corp. during the second quarter valued at approximately $205,000. 88.53% of the stock is currently owned by institutional investors.

Six Flags Entertainment Corp. (NYSE:SIX) traded up 2.31% on Thursday, hitting $53.51. The stock had a trading volume of 695,041 shares. Six Flags Entertainment Corp. has a 52-week low of $44.04 and a 52-week high of $62.69. The company has a 50 day moving average price of $51.09 and a 200-day moving average price of $55.81. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 30.27 and a beta of 1.56.

Six Flags Entertainment Corp. (NYSE:SIX) last announced its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Six Flags Entertainment Corp. had a return on equity of 3,451.32% and a net margin of 13.19%. The business had revenue of $407 million for the quarter, compared to analysts’ expectations of $406.13 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Six Flags Entertainment Corp. will post $1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, September 1st were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.32 annualized dividend and a yield of 4.44%. Six Flags Entertainment Corp.’s dividend payout ratio (DPR) is 128.89%.

Several equities research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $65.00 price objective on shares of Six Flags Entertainment Corp. in a research report on Tuesday, July 26th. Zacks Investment Research cut Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. FBR & Co dropped their price objective on Six Flags Entertainment Corp. from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. TheStreet raised Six Flags Entertainment Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $64.00 price objective on shares of Six Flags Entertainment Corp. in a research report on Thursday, September 15th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.88.

In other Six Flags Entertainment Corp. news, VP Lance C. Balk sold 20,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the sale, the vice president now owns 90,343 shares in the company, valued at approximately $5,340,174.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Walter Hawrylak sold 22,883 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $50.47, for a total value of $1,154,905.01. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

Six Flags Entertainment Corp. 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 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.

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