Global X Management Co. LLC increased its stake in Six Flags Entertainment Corp. (NYSE:SIX) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,827 shares of the company’s stock after buying an additional 11,464 shares during the period. Global X Management Co. LLC owned approximately 0.13% of Six Flags Entertainment Corp. worth $6,638,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SIX. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Six Flags Entertainment Corp. during the second quarter worth $100,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Six Flags Entertainment Corp. during the second quarter worth $113,000. Checchi Capital Advisers LLC increased its stake in shares of 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 worth $114,000 after buying an additional 56 shares during the last quarter. Washington Trust Bank increased its stake in shares of Six Flags Entertainment Corp. by 24.8% in the third quarter. Washington Trust Bank now owns 2,159 shares of the company’s stock worth $116,000 after buying an additional 429 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Six Flags Entertainment Corp. by 512.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,204 shares of the company’s stock worth $128,000 after buying an additional 1,844 shares during the last quarter. 90.32% of the stock is owned by institutional investors and hedge funds.

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

Six Flags Entertainment Corp. (NYSE:SIX) traded up 1.20% during trading on Tuesday, reaching $57.39. The company had a trading volume of 1,194,482 shares. The company has a 50 day moving average price of $54.29 and a 200 day moving average price of $54.86. The company has a market capitalization of $5.28 billion, a PE ratio of 46.70 and a beta of 1.17. Six Flags Entertainment Corp. has a 52-week low of $45.24 and a 52-week high of $62.69.

Six Flags Entertainment Corp. (NYSE:SIX) last issued its earnings results on Wednesday, October 26th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by $0.56. Six Flags Entertainment Corp. had a negative return on equity of 297.44% and a net margin of 9.14%. The company had revenue of $558 million for the quarter, compared to the consensus estimate of $586.44 million. During the same quarter last year, the business posted $1.64 EPS. Six Flags Entertainment Corp.’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Six Flags Entertainment Corp. will post $1.30 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.56 dividend on an annualized basis and a yield of 4.43%. This is a boost from Six Flags Entertainment Corp.’s previous quarterly dividend of $0.58. Six Flags Entertainment Corp.’s dividend payout ratio (DPR) is 185.60%.

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SIX has been the subject of a number of research analyst reports. Janney Montgomery Scott reissued a “buy” rating and issued a $50.39 price target (down from $64.00) on shares of Six Flags Entertainment Corp. in a report on Thursday, August 25th. Zacks Investment Research lowered shares of Six Flags Entertainment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG set a $67.00 price objective on shares of Six Flags Entertainment Corp. and gave the company a “buy” rating in a research note on Monday, September 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Six Flags Entertainment Corp. in a research note on Tuesday, August 23rd. Finally, Wedbush lowered shares of Six Flags Entertainment Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, September 23rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $61.80.

In other Six Flags Entertainment Corp. news, CFO Marshall Barber sold 6,424 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $57.00, for a total transaction of $366,168.00. Following the transaction, the chief financial officer now owns 88,036 shares in the company, valued at $5,018,052. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.10% of the company’s stock.

About Six Flags Entertainment Corp.

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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