Six Flags Entertainment Corp VP Unloads $852,501 in Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) VP Brett Petit sold 23,191 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $36.76, for a total value of $852,501.16. Following the sale, the vice president now directly owns 184,465 shares in the company, valued at approximately $6,780,933. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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.
Shares of Six Flags Entertainment Corp (NYSE:SIX) traded up 1.51% during mid-day trading on Friday, hitting $36.87. 775,601 shares of the company’s stock traded hands. Six Flags Entertainment Corp has a 1-year low of $31.86 and a 1-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 (EPS) for the quarter, beating the 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 previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter 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.
Six Flags Entertainment Corporation (NYSE:SIX), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks.
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