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

Six Flags Entertainment Co. (NYSE:SIX) saw strong trading volume on Wednesday . 758,678 shares traded hands 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 Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com assumed coverage on Six Flags Entertainment in a research note 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 increased their price objective for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. Finally, Citigroup increased their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.42.

Six Flags Entertainment Stock Up 1.7 %

The firm has a fifty day moving average price of $26.41 and a two-hundred day moving average price of $25.51. The stock has a market capitalization of $2.58 billion, a P/E ratio of 94.41 and a beta of 2.25.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, hitting the consensus estimate of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The company had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. Sell-side analysts anticipate 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 disclosed a dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 28th will be issued a $1.53 dividend. The ex-dividend date is Thursday, June 27th.

Insider Buying and Selling

In other Six Flags Entertainment 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 value of $60,812.00. Following the transaction, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at $338,564.20. The sale 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 Inflows and Outflows

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI raised its stake 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 valued at $28,000 after purchasing an additional 949 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $48,000. Neo Ivy Capital Management bought a new stake in Six Flags Entertainment during the 4th quarter valued at approximately $98,000. Quest Partners LLC bought a new stake in Six Flags Entertainment during the 4th quarter valued at approximately $135,000. Finally, Contravisory Investment Management Inc. bought a new stake in Six Flags Entertainment during the 1st quarter valued at 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.