Retirement Systems of Alabama increased its position in Six Flags Entertainment Corp (NYSE:SIX) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,756 shares of the company’s stock after buying an additional 1,605 shares during the quarter. Retirement Systems of Alabama’s holdings in Six Flags Entertainment were worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its position in Six Flags Entertainment by 13.4% in the 3rd quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock worth $411,000 after buying an additional 802 shares during the last quarter. North Star Investment Management Corp. increased its stake in Six Flags Entertainment by 17.2% in the 4th quarter. North Star Investment Management Corp. now owns 5,662 shares of the company’s stock worth $377,000 after purchasing an additional 829 shares during the period. Pacer Advisors Inc. increased its stake in Six Flags Entertainment by 7.2% in the 3rd quarter. Pacer Advisors Inc. now owns 13,317 shares of the company’s stock worth $812,000 after purchasing an additional 897 shares during the period. Wedge Capital Management L L P NC increased its stake in 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 worth $559,000 after purchasing an additional 1,032 shares during the period. Finally, Brookstone Capital Management increased its stake in Six Flags Entertainment by 22.6% in the 3rd quarter. Brookstone Capital Management now owns 5,700 shares of the company’s stock worth $347,000 after purchasing an additional 1,049 shares during the period. Institutional investors own 98.71% of the company’s stock.
Six Flags Entertainment Corp (SIX) opened at $66.18 on Wednesday. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. Six Flags Entertainment Corp has a 12 month low of $51.25 and a 12 month high of $70.44. The stock has a market capitalization of $5,540.00, a P/E ratio of 31.67, a PEG ratio of 3.70 and a beta of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, February 15th. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. This represents a $3.12 annualized dividend and a dividend yield of 4.71%. Six Flags Entertainment’s payout ratio is 149.28%.
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 directly owns 3,384,212 shares of the company’s stock, valued at $228,637,362.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 240,181 shares of company stock worth $16,041,661 over the last three months. Insiders own 6.90% of the company’s stock.
SIX has been the topic of a number of analyst reports. Zacks Investment Research cut Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a research note on Friday, October 27th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Finally, Wedbush set a $76.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Six Flags Entertainment presently has a consensus rating of “Buy” and a consensus price target of $68.40.
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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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