Six Flags Entertainment Co. (NYSE: SIX – Get a rating) CFO Gary Mick bought 1,000 shares of the company in a trade that took place on Monday, June 13. The shares were purchased at an average price of $24.34 per share, for a total transaction of $24,340.00. Following the acquisition, the CFO now directly owns 27,675 shares of the company, valued at approximately $673,609.50. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink.
Gary Mick also recently made the following trade(s):
- On Friday, June 10, Gary Mick purchased 1,000 shares of Six Flags Entertainment. The shares were acquired at an average price of $27.01 per share, for a total transaction of $27,010.00.
Shares of SIX traded down $0.74 at midday Tuesday, hitting $22.93. 2,909,716 shares were traded, against an average volume of 1,781,978. Six Flags Entertainment Co. has a 52-week low of $22.18 and a 52-week high of $47.24. The company’s 50-day moving average is $33.96 and its two-hundred-day moving average is $38.85. The company has a market capitalization of $1.98 billion, a P/E ratio of 12.85 and a beta of 2.24.
Six Flags Entertainment (NYSE: SIX – Get a rating) last released its quarterly earnings data on Thursday, May 12. The company reported ($0.76) earnings per share for the quarter, beating analyst consensus estimates of ($1.07) by $0.31. Six Flags Entertainment had a negative return on equity of 15.34% and a net margin of 10.31%. The company posted revenue of $138.10 million for the quarter, versus a consensus estimate of $122.26 million. In the same quarter last year, the company made ($1.12) earnings per share. The company’s revenue for the quarter increased 68.4% compared to the same quarter last year. Analysts expect Six Flags Entertainment Co. to post earnings per share of 2.55 for the current fiscal year.
A number of research companies have weighed in on SIX. Rosenblatt Securities began coverage of Six Flags Entertainment in a research note on Monday, April 25. They issued a “buy” rating and a target price of $56.00 on the stock. Deutsche Bank Aktiengesellschaft reduced its price target on Six Flags Entertainment from $57.00 to $56.00 in a Friday, May 13 research note. B. Riley cut his price target on Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating on the stock in a Thursday, April 21 research note. Citigroup reduced its target price on Six Flags Entertainment from $51.00 to $41.00 in a Friday, May 13 research note. Finally, Truist Financial reduced its target price on Six Flags Entertainment from $46.00 to $32.00 in a Friday, May 13 research note. One analyst gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $49.89.
Hedge funds have recently changed their stock holdings. Meeder Asset Management Inc. purchased a new stake in Six Flags Entertainment during the first quarter worth approximately $35,000. Acadian Asset Management LLC acquired a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $39,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Six Flags Entertainment by 58.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company worth $51,000 after acquiring 428 additional shares in the last quarter. Spire Wealth Management increased its holdings in Six Flags Entertainment by 464.1% in the fourth quarter. Spire Wealth Management now owns 1,258 shares of the company worth $54,000 after acquiring 1,035 additional shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Six Flags Entertainment by 58.9% in the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company worth $55,000 after acquiring 466 additional shares in the last quarter. 88.55% of the shares are currently held by institutional investors.
About Six Flags Entertainment (Get a rating)
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game rooms and retail outlets. The company also sells food, beverages, merchandise and other products and services at its parks.
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