Canada Pension Plan Investment Board cut its stake in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,800 shares of the company’s stock after selling 21,500 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Six Flags Entertainment Corporation New worth $7,857,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Geneva Advisors LLC raised its stake in shares of Six Flags Entertainment Corporation New by 13.4% in the first quarter. Geneva Advisors LLC now owns 556,250 shares of the company’s stock valued at $33,091,000 after buying an additional 65,623 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Six Flags Entertainment Corporation New by 4.8% in the first quarter. Whittier Trust Co. now owns 27,973 shares of the company’s stock valued at $1,664,000 after buying an additional 1,273 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Six Flags Entertainment Corporation New by 7.1% in the first quarter. IFP Advisors Inc now owns 6,497 shares of the company’s stock valued at $387,000 after buying an additional 430 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Six Flags Entertainment Corporation New by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 24,688 shares of the company’s stock valued at $1,469,000 after buying an additional 497 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Six Flags Entertainment Corporation New by 20.0% in the first quarter. Park Avenue Securities LLC now owns 4,832 shares of the company’s stock valued at $285,000 after buying an additional 804 shares during the last quarter. Institutional investors own 94.54% of the company’s stock.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at 53.89 on Friday. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 50.08 and a beta of 1.13. The company’s 50 day moving average is $56.67 and its 200-day moving average is $59.29.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The company had revenue of $422.37 million during the quarter, compared to the consensus estimate of $438.04 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Six Flags Entertainment Corporation New will post $1.90 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 31st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Tuesday, August 29th. Six Flags Entertainment Corporation New’s dividend payout ratio is presently 239.25%.

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Several equities research analysts have commented on the stock. Hilliard Lyons lowered shares of Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $69.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Monday, May 1st. Stifel Nicolaus raised their price target on shares of Six Flags Entertainment Corporation New from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, May 1st. B. Riley restated a “buy” rating and issued a $67.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Saturday, April 29th. Finally, Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $66.82.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Six Flags Entertainment Corporation New (NYSE:SIX)

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