Hourglass Capital LLC reduced its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,718 shares of the company’s stock after selling 14,575 shares during the period. Six Flags Entertainment comprises about 2.6% of Hourglass Capital LLC’s investment portfolio, making the stock its 9th biggest position. Hourglass Capital LLC’s holdings in Six Flags Entertainment were worth $9,965,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SIX. FMR LLC acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at about $41,914,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Six Flags Entertainment by 10,214.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 464,463 shares of the company’s stock valued at $32,537,000 after acquiring an additional 459,960 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at about $26,240,000. Bank of New York Mellon Corp boosted its position in shares of Six Flags Entertainment by 16.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after acquiring an additional 288,077 shares in the last quarter. Finally, Boston Partners boosted its position in Six Flags Entertainment by 82.2% in the second quarter. Boston Partners now owns 606,578 shares of the company’s stock valued at $42,491,000 after buying an additional 273,680 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Shares of NYSE SIX opened at $59.84 on Monday. Six Flags Entertainment Corp has a 1-year low of $51.91 and a 1-year high of $73.38. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 28.09 and a beta of 1.21.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. The company had revenue of $619.82 million during the quarter, compared to the consensus estimate of $633.03 million. On average, sell-side analysts anticipate that Six Flags Entertainment Corp will post 2.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.48%. Six Flags Entertainment’s payout ratio is currently 146.48%.

A number of equities analysts have commented on SIX shares. Zacks Investment Research lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. KeyCorp reduced their price target on shares of Six Flags Entertainment from $72.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, October 25th. ValuEngine lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Oppenheimer set a $80.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Wednesday, October 24th. Finally, Macquarie upgraded shares of Six Flags Entertainment from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.63.

In other Six Flags Entertainment news, insider Catherine Aslin sold 2,425 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $66.85, for a total value of $162,111.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Barber sold 449 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $65.21, for a total transaction of $29,279.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,934 shares of company stock valued at $195,337. Insiders own 5.50% of the company’s stock.

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About Six Flags Entertainment

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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

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