Brown Advisory Inc. Has $373,000 Position in Six Flags Entertainment Corp (SIX)
Brown Advisory Inc. boosted its position in Six Flags Entertainment Corp (NYSE:SIX) by 43.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,106 shares of the company’s stock after buying an additional 1,863 shares during the period. Brown Advisory Inc.’s holdings in Six Flags Entertainment were worth $373,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. TD Asset Management Inc. grew its position in Six Flags Entertainment by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after buying an additional 59 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Six Flags Entertainment by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock valued at $347,000 after acquiring an additional 80 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Six Flags Entertainment by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after acquiring an additional 225 shares during the period. Mariner Wealth Advisors LLC lifted its holdings in Six Flags Entertainment by 6.0% in the second quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the company’s stock valued at $313,000 after acquiring an additional 298 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Six Flags Entertainment by 6.8% in the second quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock valued at $280,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 99.45% of the company’s stock.
Shares of Six Flags Entertainment Corp (NYSE SIX) traded up $1.08 during mid-day trading on Tuesday, reaching $66.37. 1,217,600 shares of the company traded hands, compared to its average volume of 1,077,803. Six Flags Entertainment Corp has a 12-month low of $51.25 and a 12-month high of $66.64. The firm has a market cap of $5,470.37, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.82 and a beta of 1.17. 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 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The firm had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts predict that Six Flags Entertainment Corp will post 2.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 30th were paid a $0.70 dividend. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.80 annualized dividend and a yield of 4.22%. Six Flags Entertainment’s payout ratio is presently 133.97%.
SIX has been the subject of a number of recent analyst reports. 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 report on Wednesday, August 30th. Janney Montgomery Scott reissued a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a report on Tuesday, August 15th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. Finally, SunTrust Banks reissued a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a report on Friday, October 27th. Two 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $66.78.
In related news, CEO James Reid-Anderson sold 41,008 shares of the business’s stock in a transaction dated 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 approximately $232,303,366.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 187,464 shares of company stock valued at $12,379,790 in the last three months. 6.90% of the stock is currently owned by corporate insiders.
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Six Flags Entertainment 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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