26,101 Shares in Six Flags Entertainment Corporation New (SIX) Acquired by BB&T Securities LLC

BB&T Securities LLC acquired a new stake in shares of Six Flags Entertainment Corporation New (NYSE:SIX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,101 shares of the company’s stock, valued at approximately $1,555,000.

Other hedge funds have also added to or reduced their stakes in the company. Avenir Corp raised its stake in Six Flags Entertainment Corporation New by 0.6% in the first quarter. Avenir Corp now owns 5,880 shares of the company’s stock valued at $350,000 after buying an additional 35 shares in the last quarter. Banced Corp raised its position in shares of Six Flags Entertainment Corporation New by 0.5% in the second quarter. Banced Corp now owns 7,752 shares of the company’s stock worth $462,000 after buying an additional 38 shares during the period. TD Asset Management Inc. raised its position in shares of Six Flags Entertainment Corporation New by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after buying an additional 59 shares during the period. Teacher Retirement System of Texas raised its position in shares of Six Flags Entertainment Corporation New by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after buying an additional 80 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Six Flags Entertainment Corporation New by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock worth $2,024,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 94.54% of the company’s stock.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) opened at 53.07 on Friday. The company’s 50-day moving average price is $55.90 and its 200-day moving average price is $59.02. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19. The firm has a market cap of $4.54 billion, a P/E ratio of 49.32 and a beta of 1.13.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The business had revenue of $422.37 million for the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. On average, analysts predict that Six Flags Entertainment Corporation New will post $1.90 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Tuesday, August 29th. Six Flags Entertainment Corporation New’s dividend payout ratio is presently 239.25%.

A number of brokerages have recently weighed in on SIX. Janney Montgomery Scott reiterated a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. BidaskClub lowered Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Finally, William Blair began coverage on Six Flags Entertainment Corporation New in a research note on Friday, July 21st. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $67.00.

In other news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.90% of the company’s stock.

About Six Flags Entertainment Corporation New

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.