SG Americas Securities LLC increased its stake in Six Flags Entertainment Corporation New (NYSE:SIX) by 25.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,651 shares of the company’s stock after buying an additional 4,794 shares during the period. SG Americas Securities LLC’s holdings in Six Flags Entertainment Corporation New were worth $1,410,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Creative Planning raised its stake in shares of Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock valued at $132,000 after buying an additional 631 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $149,000. First Mercantile Trust Co. bought a new stake in shares of Six Flags Entertainment Corporation New during the second quarter valued at about $185,000. Parametrica Management Ltd bought a new stake in shares of Six Flags Entertainment Corporation New during the second quarter valued at about $205,000. Finally, World Asset Management Inc bought a new stake in shares of Six Flags Entertainment Corporation New during the first quarter valued at about $209,000. Institutional investors own 88.63% of the company’s stock.

Six Flags Entertainment Corporation New (NYSE SIX) opened at 53.12 on Thursday. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19. The company has a 50-day moving average of $55.90 and a 200-day moving average of $59.02. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 49.37 and a beta of 1.13.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 31st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.82%. The ex-dividend date is Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is presently 239.25%.

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Several brokerages have recently issued reports on SIX. BidaskClub upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. KeyCorp began coverage on shares of Six Flags Entertainment Corporation New in a research note on Wednesday. They set an “overweight” rating for the company. Janney Montgomery Scott restated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.00.

In related news, Director Jon L. Luther purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $52.58 per share, with a total value of $157,740.00. Following the acquisition, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance C. Balk sold 48,998 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total transaction of $2,797,785.80. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

About Six Flags Entertainment Corporation New

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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