Insider Selling: Brett Petit Sells 13,883 Shares of Six Flags Entertainment Corp Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) VP Brett Petit sold 13,883 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.53, for a total transaction of $507,145.99. Following the completion of the sale, the vice president now directly owns 184,465 shares of the company’s stock, valued at approximately $6,738,506. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Six Flags Entertainment Corp (NYSE:SIX) traded up 1.51% on Friday, hitting $36.87. 775,601 shares of the company’s stock traded hands. Six Flags Entertainment Corp has a 52 week low of $31.86 and a 52 week high of $43.19. The stock’s 50-day moving average is $40.42 and its 200-day moving average is $39.9. The company has a market cap of $3.513 billion and a price-to-earnings ratio of 26.49.
Six Flags Entertainment Corp (NYSE:SIX) last announced its earnings results on Monday, July 21st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.38. The company had revenue of $376.60 million for the quarter, compared to the consensus estimate of $396.22 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Six Flags Entertainment Corp will post $1.45 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SIX shares. Analysts at Goldman Sachs reiterated a “positive” rating on shares of Six Flags Entertainment Corp in a research note on Monday, June 23rd. Analysts at Credit Suisse raised their price target on shares of Six Flags Entertainment Corp from $47.00 to $49.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock.
Six Flags Entertainment Corporation (NYSE:SIX), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks.
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