Insider Selling: Leonard A. Russ Sells 1,216 Shares of Six Flags Entertainment Corp Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) CAO Leonard A. Russ sold 1,216 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.53, for a total transaction of $44,420.48. Following the transaction, the chief accounting officer now directly owns 99,838 shares of the company’s stock, valued at approximately $3,647,082. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Six Flags Entertainment Corp (NYSE:SIX) traded up 1.51% during mid-day trading on Friday, hitting $36.87. The stock had a trading volume of 775,601 shares. Six Flags Entertainment Corp has a one year low of $31.86 and a one year high of $43.19. The stock has a 50-day moving average of $40.42 and a 200-day moving average of $39.9. The company has a market cap of $3.513 billion and a P/E ratio of 26.49.
Six Flags Entertainment Corp (NYSE:SIX) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. Six Flags Entertainment Corp’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Six Flags Entertainment Corp will post $1.45 earnings per share for the current fiscal year.
SIX has been the subject of a number of recent research reports. 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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