Insider Selling: Brett Petit Unloads 4,988 Shares of Six Flags Entertainment Corp Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) VP Brett Petit sold 4,988 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.26, for a total value of $185,852.88. Following the completion of the transaction, the vice president now directly owns 190,075 shares of the company’s stock, valued at approximately $7,082,195. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Six Flags Entertainment Corp (NYSE:SIX) traded down 0.43% during mid-day trading on Thursday, hitting $37.00. The stock had a trading volume of 1,234,459 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 $38.64 and a 200-day moving average of $40.17. The company has a market cap of $3.525 billion and a price-to-earnings ratio of 27.10.
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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 5.08%. The ex-dividend date is Friday, August 29th.
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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