Six Flags Entertainment (NYSE:SIX) Sees Strong Trading Volume

Six Flags Entertainment Co. (NYSE:SIX) saw unusually-high trading volume on Wednesday . Approximately 758,678 shares were traded during mid-day 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.

Analyst Ratings Changes

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

Six Flags Entertainment Price Performance

The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 94.41 and a beta of 2.25. The stock has a 50 day simple moving average of $26.41 and a two-hundred day simple moving average of $25.51.

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, meeting analysts’ consensus estimates of ($0.91). The company had revenue of $133.29 million for the quarter, compared to analysts’ expectations of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. Equities research analysts predict that Six Flags Entertainment Co. will post 1.53 EPS for the current year.

Six Flags Entertainment Announces Dividend

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

Insider Buying and Selling

In related news, CAO Derek Sample sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the transaction, the chief accounting officer now owns 12,805 shares of the company’s stock, valued at $338,564.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its position in shares of 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 valued at $28,000 after acquiring an additional 949 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter valued at approximately $48,000. Neo Ivy Capital Management acquired a new stake in shares of Six Flags Entertainment during the 4th quarter valued at approximately $98,000. Quest Partners LLC acquired a new stake in shares of Six Flags Entertainment during the 4th quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Six Flags Entertainment during the 1st quarter valued at approximately $145,000. Hedge funds and other 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.