Six Flags Entertainment (NYSE:SIX) Sees Large Volume Increase

Shares of Six Flags Entertainment Co. (NYSE:SIX) saw strong trading volume on Wednesday . 758,678 shares changed hands during trading, a decline of 25% from the previous session’s volume of 1,015,383 shares.The stock last traded at $30.16 and had previously closed at $30.05.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Six Flags Entertainment in a research report on Monday. They issued a “hold” rating for the company. B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Citigroup increased their target price 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, Deutsche Bank Aktiengesellschaft downgraded 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.42.

Six Flags Entertainment Trading Up 4.8 %

The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 101.97 and a beta of 2.25. The stock’s 50-day moving average is $26.74 and its 200-day moving average is $25.60.

Six Flags Entertainment (NYSE:SIX) last posted its 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 firm had revenue of $133.29 million for the quarter, compared to analysts’ expectations of $135.23 million. On average, equities research analysts anticipate that Six Flags Entertainment Co. will post 1.53 EPS for the current fiscal year.

Six Flags Entertainment Announces Dividend

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

Insider Transactions at Six Flags Entertainment

In related news, CAO Derek Sample sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total value of $60,812.00. Following the completion of the transaction, the chief accounting officer now owns 12,805 shares in the company, valued at approximately $338,564.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Institutional investors have recently modified their holdings of the business. National Bank of Canada FI lifted 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 buying an additional 949 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Six Flags Entertainment in the third quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new position in shares of Six Flags Entertainment in the fourth quarter worth approximately $98,000. Quest Partners LLC bought a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $145,000. Institutional investors own 98.04% of the company’s stock.

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.