Six Flags Entertainment (NYSE:SIX) Reaches New 1-Year High at $33.14

Six Flags Entertainment Co. (NYSE:SIX) hit a new 52-week high on Thursday . The stock traded as high as $33.14 and last traded at $32.90, with a volume of 2656302 shares traded. The stock had previously closed at $31.14.

Analyst Ratings Changes

A number of brokerages recently issued reports on SIX. Deutsche Bank Aktiengesellschaft lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their price target for the company from $29.00 to $27.00 in a research note on Wednesday, May 15th. StockNews.com began coverage on shares of Six Flags Entertainment in a research note on Monday. They issued a “hold” rating on the stock. Citigroup increased their price target on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.42.

Six Flags Entertainment Stock Up 5.6 %

The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 97.28 and a beta of 2.25. The stock has a fifty day moving average price of $26.56 and a two-hundred day moving average price of $25.55.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a net margin of 1.84% and a negative return on equity of 6.61%. The company had revenue of $133.29 million for the quarter, compared to the consensus estimate of $135.23 million. As a group, research analysts forecast that Six Flags Entertainment Co. will post 1.53 earnings per share for the current fiscal year.

Six Flags Entertainment Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 28th will be paid a $1.53 dividend. The ex-dividend date of this dividend is Thursday, June 27th.

Insider Buying and Selling

In other news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total transaction of $60,812.00. Following the sale, the chief accounting officer now owns 12,805 shares in the company, valued at $338,564.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of SIX. National Bank of Canada FI grew its holdings in Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Six Flags Entertainment in the third quarter valued at about $48,000. Neo Ivy Capital Management acquired a new stake in Six Flags Entertainment during the fourth quarter valued at approximately $98,000. Quest Partners LLC bought a new position in Six Flags Entertainment during the 4th quarter worth approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Six Flags Entertainment in the 1st quarter worth approximately $145,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.