Investors Buy High Volume of Call Options on Six Flags Entertainment Corporation New (SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) saw unusually large options trading on Tuesday. Stock investors acquired 4,014 call options on the company. This is an increase of 6,271% compared to the average volume of 63 call options.

In other news, CEO James Reid-Anderson sold 41,008 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the transaction, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ffcm LLC boosted its position in Six Flags Entertainment Corporation New by 114.8% during the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after acquiring an additional 1,406 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Six Flags Entertainment Corporation New by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after acquiring an additional 225 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Six Flags Entertainment Corporation New by 6.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after acquiring an additional 155 shares during the period. First Mercantile Trust Co. purchased a new position in shares of Six Flags Entertainment Corporation New in the 2nd quarter valued at $185,000. Finally, First Trust Advisors LP purchased a new stake in Six Flags Entertainment Corporation New during the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

SIX has been the topic of several research reports. TheStreet upgraded Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. SunTrust Banks restated a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, October 27th. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, August 30th. Janney Montgomery Scott reissued a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus restated a “buy” rating and set a $72.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Six Flags Entertainment Corporation New currently has an average rating of “Buy” and an average price target of $66.78.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at $65.42 on Friday. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. Six Flags Entertainment Corporation New has a 52 week low of $51.25 and a 52 week high of $65.75. The firm has a market capitalization of $5,348.04, a PE ratio of 30.54, a price-to-earnings-growth ratio of 3.74 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. The company had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. During the same quarter in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts expect that Six Flags Entertainment Corporation New will post 2.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 4.28%. This is a positive change from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is 122.49%.

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Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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