Stock Traders Purchase Large Volume of Six Flags Entertainment Put Options (SIX)
Six Flags Entertainment Corp (NYSE:SIX) was the recipient of some unusual options trading on Monday. Stock traders acquired 3,228 put options on the stock. This is an increase of approximately 4,147% compared to the typical daily volume of 76 put options.
SIX has been the topic of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $72.00 target price on shares of Six Flags Entertainment in a research report on Thursday, October 12th. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. Finally, Wedbush set a $76.00 price objective on Six Flags Entertainment and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $67.44.
In other news, Chairman James Reid-Anderson sold 42,690 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $67.56, for a total transaction of $2,884,136.40. Following the transaction, the chairman now owns 3,384,212 shares of the company’s stock, valued at approximately $228,637,362.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 281,085 shares of company stock worth $18,702,788. Corporate insiders own 6.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Six Flags Entertainment by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares during the period. First Trust Advisors LP purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter worth $205,000. Csenge Advisory Group purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter worth $238,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter worth $255,000. Finally, BT Investment Management Ltd purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter worth $262,000. 99.45% of the stock is currently owned by institutional investors.
Six Flags Entertainment (NYSE:SIX) opened at $65.74 on Thursday. The company has a market capitalization of $5,510.00, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 3.58 and a beta of 1.18. 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 has a 12-month low of $51.25 and a 12-month high of $67.93.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.31. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. Six Flags Entertainment’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. equities research analysts expect that Six Flags Entertainment will post 2.13 earnings per share for the current fiscal year.
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Six Flags Entertainment 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.
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