Panagora Asset Management Inc. acquired a new position in Six Flags Entertainment Corp (NYSE:SIX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,550 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Aurora Investment Counsel boosted its stake in Six Flags Entertainment by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 36,707 shares of the company’s stock worth $1,939,000 after purchasing an additional 223 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Six Flags Entertainment by 0.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 44,377 shares of the company’s stock valued at $2,190,000 after buying an additional 232 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Six Flags Entertainment by 4.4% during the 2nd quarter. NEXT Financial Group Inc now owns 6,990 shares of the company’s stock valued at $348,000 after buying an additional 295 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Six Flags Entertainment by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,017 shares of the company’s stock valued at $1,442,000 after buying an additional 409 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in shares of Six Flags Entertainment by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 38,002 shares of the company’s stock valued at $1,875,000 after buying an additional 416 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

SIX has been the subject of a number of research reports. Wells Fargo & Co raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $52.00 to $56.00 in a research note on Tuesday, July 9th. B. Riley lifted their target price on shares of Six Flags Entertainment from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. ValuEngine raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Wedbush raised shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $51.00 to $62.00 in a research note on Wednesday, June 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Six Flags Entertainment presently has a consensus rating of “Buy” and an average price target of $62.70.

In other Six Flags Entertainment news, CFO Marshall Barber sold 468 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.98, for a total value of $27,602.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 643 shares of company stock worth $37,865. Company insiders own 5.90% of the company’s stock.

Shares of Six Flags Entertainment stock traded down $0.96 during trading on Friday, hitting $56.34. 242,232 shares of the company’s stock traded hands, compared to its average volume of 992,494. The firm’s fifty day moving average price is $55.47 and its 200 day moving average price is $52.72. Six Flags Entertainment Corp has a twelve month low of $46.68 and a twelve month high of $71.27. The company has a market cap of $4.82 billion, a PE ratio of 17.44, a PEG ratio of 3.07 and a beta of 1.02.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The business had revenue of $477.20 million for the quarter, compared to analyst estimates of $468.44 million. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Six Flags Entertainment Corp will post 2.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be given a $0.82 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $3.28 dividend on an annualized basis and a yield of 5.82%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 101.55%.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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