Prudential Financial Inc. Buys 43,620 Shares of Six Flags Entertainment Corp (SIX)

Prudential Financial Inc. boosted its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 930.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,310 shares of the company’s stock after buying an additional 43,620 shares during the period. Prudential Financial Inc. owned 0.06% of Six Flags Entertainment worth $2,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cambridge Trust Co. boosted its stake in Six Flags Entertainment by 95.8% during the third quarter. Cambridge Trust Co. now owns 237,006 shares of the company’s stock worth $14,444,000 after buying an additional 115,970 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $262,000. Brookstone Capital Management lifted its stake in shares of Six Flags Entertainment by 22.6% in the 3rd quarter. Brookstone Capital Management now owns 5,700 shares of the company’s stock valued at $347,000 after purchasing an additional 1,049 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Six Flags Entertainment by 12.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 9,168 shares of the company’s stock valued at $559,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Csenge Advisory Group acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $238,000. 99.31% of the stock is currently owned by institutional investors.

Six Flags Entertainment Corp (NYSE:SIX) traded up $0.40 during mid-day trading on Friday, hitting $65.82. The company had a trading volume of 652,438 shares, compared to its average volume of 710,497. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The stock has a market cap of $5,514.79, a P/E ratio of 31.49, a PEG ratio of 3.85 and a beta of 1.17. Six Flags Entertainment Corp has a 52-week low of $51.25 and a 52-week high of $66.20.

Six Flags Entertainment (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 Thomson Reuters’ consensus estimate of $1.80 by $0.31. The firm 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%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. sell-side analysts expect that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, November 29th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s payout ratio is currently 133.97%.

SIX has been the topic of several recent analyst reports. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Hilliard Lyons raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, August 30th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. KeyCorp initiated coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price target on the stock. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $66.78.

In related news, CEO James Reid-Anderson sold 41,008 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total value of $2,667,980.48. Following the sale, the chief executive officer now owns 3,570,602 shares in the company, valued at approximately $232,303,366.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is currently owned by insiders.

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About Six Flags Entertainment

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 (NYSE:SIX)

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