New Mexico Educational Retirement Board Acquires New Position in Six Flags Entertainment Corp (SIX)
New Mexico Educational Retirement Board acquired a new stake in Six Flags Entertainment Corp (NYSE:SIX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,700 shares of the company’s stock, valued at approximately $1,311,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its holdings in Six Flags Entertainment by 1,477.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after buying an additional 1,995 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Six Flags Entertainment during the fourth quarter worth about $151,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Six Flags Entertainment by 171.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock worth $193,000 after purchasing an additional 1,830 shares in the last quarter. First Trust Advisors LP bought a new stake in Six Flags Entertainment in the 3rd quarter worth approximately $205,000. Finally, Csenge Advisory Group bought a new stake in Six Flags Entertainment in the 3rd quarter worth approximately $238,000. Institutional investors and hedge funds own 97.37% of the company’s stock.
Six Flags Entertainment Corp (NYSE:SIX) opened at $62.33 on Friday. The company has a market capitalization of $5,270.00, a P/E ratio of 28.08 and a beta of 1.15. Six Flags Entertainment Corp has a twelve month low of $51.25 and a twelve month high of $70.44. The company has a debt-to-equity ratio of -4.00, a quick ratio of 0.66 and a current ratio of 0.74.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 19th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 5.01%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, February 15th. Six Flags Entertainment’s dividend payout ratio is presently 140.54%.
In other news, CFO Marshall Barber sold 597 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total value of $39,742.29. Following the sale, the chief financial officer now directly owns 80,536 shares of the company’s stock, valued at $5,361,281.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lance C. Balk sold 100,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total value of $6,567,000.00. Following the sale, the vice president now directly owns 15,738 shares in the company, valued at $1,033,514.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 194,322 shares of company stock worth $12,936,593. Insiders own 6.90% of the company’s stock.
A number of research firms recently weighed in on SIX. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wedbush set a $76.00 target price on Six Flags Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $68.80.
About Six Flags Entertainment
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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