Insider Selling: Walter Hawrylak Sells 26,979 Shares of Six Flags Entertainment Corp Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) SVP Walter Hawrylak sold 26,979 shares of Six Flags Entertainment Corp stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $37.22, for a total transaction of $1,004,158.38. Following the completion of the transaction, the senior vice president now directly owns 250,936 shares in the company, valued at approximately $9,339,838. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 Corp (NYSE:SIX) traded up 0.21% during mid-day trading 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 price-to-earnings ratio of 27.30.
Six Flags Entertainment Corp (NYSE:SIX) last posted its quarterly earnings results 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. Analysts expect that Six Flags Entertainment Corp will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Friday, August 29th.
Six Flags Entertainment Corporation (NYSE:SIX), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks.
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