Insider Selling: Six Flags Entertainment Corp VP Sells 27,000 Shares of Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) VP Lance C. Balk unloaded 27,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $37.22, for a total value of $1,004,940.00. Following the completion of the transaction, the vice president now directly owns 295,559 shares of the company’s stock, valued at approximately $11,000,706. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Six Flags Entertainment Corp (NYSE:SIX) traded up 0.21% on Tuesday, hitting $37.51. 734,891 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 $38.77 and its 200-day moving average is $40.19. The company has a market cap of $3.574 billion and a P/E ratio of 27.30.
Six Flags Entertainment Corp (NYSE:SIX) last released its 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.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, August 29th.
A number of research firms have recently commented on SIX. 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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