Payden & Rygel Lowers Stake in Six Flags Entertainment Corp (SIX)

Payden & Rygel lessened its holdings in Six Flags Entertainment Corp (NYSE:SIX) by 49.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 188,000 shares of the company’s stock after selling 182,000 shares during the period. Payden & Rygel owned about 0.22% of Six Flags Entertainment worth $11,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Six Flags Entertainment by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after acquiring an additional 225 shares in the last quarter. Ffcm LLC raised its stake in shares of Six Flags Entertainment by 114.8% during the 2nd quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after acquiring an additional 1,406 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Six Flags Entertainment by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after acquiring an additional 155 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Six Flags Entertainment during the 2nd quarter worth approximately $185,000. Finally, First Trust Advisors LP bought a new position in shares of Six Flags Entertainment during the 3rd quarter worth approximately $205,000. 99.45% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SIX. B. Riley restated a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. TheStreet upgraded shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. SunTrust Banks restated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a research note on Friday, October 27th. Finally, FBR & Co restated a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $66.78.

In other news, Chairman James Reid-Anderson sold 78,614 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $66.32, for a total value of $5,213,680.48. Following the sale, the chairman now owns 3,520,146 shares in the company, valued at $233,456,082.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 145,078 shares of company stock worth $9,569,648 in the last quarter. Company insiders own 6.90% of the company’s stock.

Six Flags Entertainment Corp (SIX) traded down $0.02 during trading hours on Thursday, hitting $66.11. 715,600 shares of the stock were exchanged, compared to its average volume of 1,078,190. The firm has a market capitalization of $5,540.75, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.87 and a beta of 1.17. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $66.64. 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 (NYSE:SIX) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.31. The firm had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. equities research analysts forecast that Six Flags Entertainment Corp will post 2.13 EPS for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s dividend payout ratio is presently 133.97%.

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

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