Teachers Retirement System of The State of Kentucky Has $989,000 Holdings in Six Flags Entertainment Corp (SIX)

Teachers Retirement System of The State of Kentucky lowered its stake in Six Flags Entertainment Corp (NYSE:SIX) by 12.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,160 shares of the company’s stock after selling 2,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Six Flags Entertainment were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Arizona State Retirement System raised its position in Six Flags Entertainment by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 53,943 shares of the company’s stock valued at $3,779,000 after purchasing an additional 763 shares in the last quarter. Brookstone Capital Management raised its position in Six Flags Entertainment by 15.0% in the 2nd quarter. Brookstone Capital Management now owns 7,467 shares of the company’s stock valued at $523,000 after purchasing an additional 972 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Six Flags Entertainment by 0.8% in the 2nd quarter. Chartwell Investment Partners LLC now owns 136,951 shares of the company’s stock valued at $9,593,000 after purchasing an additional 1,095 shares in the last quarter. Visionary Asset Management Inc. raised its position in Six Flags Entertainment by 19.6% in the 3rd quarter. Visionary Asset Management Inc. now owns 6,692 shares of the company’s stock valued at $467,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Six Flags Entertainment by 52.9% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,180 shares of the company’s stock valued at $223,000 after purchasing an additional 1,100 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Shares of NYSE SIX opened at $61.36 on Friday. Six Flags Entertainment Corp has a fifty-two week low of $51.91 and a fifty-two week high of $73.38. The stock has a market cap of $5.18 billion, a PE ratio of 25.04 and a beta of 1.21.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. The business had revenue of $619.82 million for the quarter, compared to analyst estimates of $633.03 million. Research analysts forecast that Six Flags Entertainment Corp will post 2.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Wednesday, November 28th. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.78. Six Flags Entertainment’s dividend payout ratio (DPR) is 153.99%.

A number of equities research analysts have issued reports on the company. SunTrust Banks reduced their price target on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, November 15th. B. Riley cut their target price on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Wedbush set a $55.00 target price on Six Flags Entertainment and gave the stock a “hold” rating in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.63.

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About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 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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