Whittier Trust Co. of Nevada Inc. increased its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,066 shares of the company’s stock after acquiring an additional 408 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Six Flags Entertainment were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in Six Flags Entertainment during the fourth quarter worth about $28,000. Westside Investment Management Inc. acquired a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $56,000. Benjamin F. Edwards & Company Inc. grew its holdings in Six Flags Entertainment by 20.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,403 shares of the company’s stock valued at $134,000 after purchasing an additional 403 shares during the period. First Hawaiian Bank acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $197,000. Finally, Laurion Capital Management LP acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $202,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Get Six Flags Entertainment alerts:In other Six Flags Entertainment news, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total value of $1,748,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.50% of the stock is owned by insiders.
Six Flags Entertainment stock traded up $0.25 during trading on Thursday, reaching $56.35. 8,433 shares of the company were exchanged, compared to its average volume of 1,679,884. Six Flags Entertainment Corp has a 52-week low of $49.79 and a 52-week high of $73.38. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 17.47 and a beta of 1.26.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.65. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The firm had revenue of $269.50 million for the quarter, compared to the consensus estimate of $284.50 million. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Six Flags Entertainment Corp will post 2.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Monday, February 18th will be given a $0.82 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.28 dividend on an annualized basis and a yield of 5.82%. Six Flags Entertainment’s dividend payout ratio is currently 101.55%.
A number of analysts have recently issued reports on the company. Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 24th. ValuEngine lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. KeyCorp lowered their price target on Six Flags Entertainment from $72.00 to $69.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. Finally, Macquarie raised Six Flags Entertainment from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $67.44.
WARNING: This piece was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4168545/whittier-trust-co-of-nevada-inc-has-226000-position-in-six-flags-entertainment-corp-six.html.
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.
Featured Story: Discover Your Risk Tolerance
Want to see what other hedge funds are holding SIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Six Flags Entertainment Corp (NYSE:SIX).
No comments:
Post a Comment