CI Investments Inc. lifted its holdings in Six Flags Entertainment Corporation New (NYSE:SIX) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,629,575 shares of the company’s stock after acquiring an additional 11,400 shares during the period. Six Flags Entertainment Corporation New accounts for about 1.5% of CI Investments Inc.’s portfolio, making the stock its 19th biggest holding. CI Investments Inc. owned approximately 3.14% of Six Flags Entertainment Corporation New worth $160,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SIX. Wellington Management Group LLP bought a new position in shares of Six Flags Entertainment Corporation New in the first quarter worth about $848,000. Teachers Advisors LLC boosted its stake in shares of Six Flags Entertainment Corporation New by 13.1% in the first quarter. Teachers Advisors LLC now owns 129,557 shares of the company’s stock worth $7,707,000 after acquiring an additional 15,029 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Six Flags Entertainment Corporation New by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 468,471 shares of the company’s stock worth $27,870,000 after acquiring an additional 27,754 shares during the period. BlackRock Inc. boosted its stake in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after acquiring an additional 3,283,136 shares during the period. Finally, State Street Corp boosted its stake in shares of Six Flags Entertainment Corporation New by 4.4% in the first quarter. State Street Corp now owns 1,003,520 shares of the company’s stock worth $59,696,000 after acquiring an additional 42,067 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

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SIX has been the subject of a number of recent analyst reports. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, August 30th. KeyCorp initiated coverage on Six Flags Entertainment Corporation New in a research note on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price target for the company. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Thursday, October 12th. Finally, Zacks Investment Research lowered Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $67.00.

Six Flags Entertainment Corporation New (NYSE SIX) traded down $0.42 during trading hours on Monday, hitting $64.68. The stock had a trading volume of 763,600 shares, compared to its average volume of 1,104,962. The company has a market cap of $5,430.00, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 3.87 and a beta of 1.16. Six Flags Entertainment Corporation New has a 1-year low of $51.25 and a 1-year high of $65.75. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. analysts expect that Six Flags Entertainment Corporation New will post 2.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. This is a positive change from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, November 29th. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is presently 122.49%.

In related news, Director Jon L. Luther acquired 3,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $52.58 per share, with a total value of $157,740.00. Following the purchase, the director now directly owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.90% of the stock is owned by company insiders.

Six Flags Entertainment Corporation New 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.

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

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