Insider Selling: Leonard A. Russ Unloads 1,023 Shares of Six Flags Entertainment Corp Stock (SIX)
Six Flags Entertainment Corp (NYSE:SIX) CAO Leonard A. Russ sold 1,023 shares of Six Flags Entertainment Corp stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.34, for a total transaction of $38,198.82. Following the completion of the transaction, the chief accounting officer now directly owns 100,019 shares in the company, valued at approximately $3,734,709. The sale was disclosed in a legal filing with the SEC, 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.
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 52-week low of $31.86 and a 52-week high of $43.19. The stock’s 50-day moving average is $38.64 and its 200-day moving average is $40.17. The company has a market cap of $3.525 billion and a P/E ratio of 27.10.
Six Flags Entertainment Corp (NYSE:SIX) last released its 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. Analysts expect that Six Flags Entertainment Corp will post $1.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 5.08%. 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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