Janney Montgomery Scott LLC raised its stake in Six Flags Entertainment Corp (NYSE:SIX) by 24.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,461 shares of the company’s stock after buying an additional 7,074 shares during the period. Janney Montgomery Scott LLC’s holdings in Six Flags Entertainment were worth $1,799,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Dupont Capital Management Corp acquired a new position in Six Flags Entertainment during the 1st quarter worth about $1,943,000. Opus Capital Group LLC acquired a new stake in Six Flags Entertainment in the 1st quarter valued at about $840,000. World Asset Management Inc raised its position in Six Flags Entertainment by 23.1% in the 1st quarter. World Asset Management Inc now owns 5,003 shares of the company’s stock valued at $247,000 after purchasing an additional 938 shares in the last quarter. Bank of Montreal Can raised its position in Six Flags Entertainment by 0.6% in the 1st quarter. Bank of Montreal Can now owns 227,965 shares of the company’s stock valued at $11,251,000 after purchasing an additional 1,316 shares in the last quarter. Finally, AlphaStar Capital Management LLC acquired a new stake in Six Flags Entertainment in the 1st quarter valued at about $209,000. Institutional investors own 90.51% of the company’s stock.
In other Six Flags Entertainment news, Director Kurt Matthew Cellar acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $49.46 per share, for a total transaction of $741,900.00. Following the acquisition, the director now owns 70,116 shares in the company, valued at approximately $3,467,937.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Usman Nabi acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $50.77 per share, for a total transaction of $253,850.00. Following the acquisition, the director now owns 7,520 shares in the company, valued at approximately $381,790.40. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.
SIX stock opened at $53.48 on Tuesday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 3.80 and a beta of 1.15. Six Flags Entertainment Corp has a 1 year low of $46.68 and a 1 year high of $73.38.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.04. Six Flags Entertainment had a negative return on equity of 41.58% and a net margin of 18.40%. The company had revenue of $128.19 million for the quarter, compared to analyst estimates of $123.63 million. During the same quarter last year, the company earned ($0.74) EPS. Six Flags Entertainment’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that Six Flags Entertainment Corp will post 2.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 30th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.13%. Six Flags Entertainment’s payout ratio is currently 101.55%.
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Six Flags Entertainment Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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