Six Flags Entertainment Corp. (SIX) to Issue Quarterly Dividend of $0.64 on December 12th
Six Flags Entertainment Corp. (NYSE:SIX) announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.64 per share on Monday, December 12th. This represents a $2.56 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Tuesday, November 29th. This is a positive change from Six Flags Entertainment Corp.’s previous quarterly dividend of $0.58.
Shares of Six Flags Entertainment Corp. (NYSE:SIX) opened at 57.83 on Monday. Six Flags Entertainment Corp. has a 12 month low of $45.24 and a 12 month high of $62.69. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 47.05 and a beta of 1.17. The firm’s 50-day moving average price is $54.15 and its 200-day moving average price is $54.91.
Six Flags Entertainment Corp. (NYSE:SIX) last released its earnings results on Wednesday, October 26th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by $0.56. The firm had revenue of $558 million for the quarter, compared to the consensus estimate of $586.44 million. Six Flags Entertainment Corp. had a negative return on equity of 297.44% and a net margin of 9.14%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. On average, equities analysts anticipate that Six Flags Entertainment Corp. will post $1.30 earnings per share for the current year.
In other Six Flags Entertainment Corp. news, CFO Marshall Barber sold 6,424 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $57.00, for a total value of $366,168.00. Following the completion of the sale, the chief financial officer now directly owns 88,036 shares in the company, valued at $5,018,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SIX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Six Flags Entertainment Corp. by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $129,000 after buying an additional 292 shares in the last quarter. KCG Holdings Inc. purchased a new position in Six Flags Entertainment Corp. during the third quarter valued at $215,000. FMR LLC purchased a new position in Six Flags Entertainment Corp. during the second quarter valued at $252,000. Nuveen Fund Advisors LLC purchased a new position in Six Flags Entertainment Corp. during the second quarter valued at $256,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Six Flags Entertainment Corp. during the third quarter valued at $245,000. 90.98% of the stock is owned by institutional investors.
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A number of research firms have recently weighed in on SIX. B. Riley restated a “buy” rating and set a $65.00 target price on shares of Six Flags Entertainment Corp. in a research report on Monday, October 24th. FBR & Co boosted their target price on Six Flags Entertainment Corp. from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 27th. Janney Montgomery Scott restated a “buy” rating and set a $62.00 target price on shares of Six Flags Entertainment Corp. in a research report on Thursday, October 27th. Zacks Investment Research upgraded Six Flags Entertainment Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Finally, Macquarie restated a “neutral” rating and set a $57.00 target price on shares of Six Flags Entertainment Corp. in a research report on Friday, September 23rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.80.
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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