Six Flags Entertainment Corp (SIX) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its stake in Six Flags Entertainment Corp (NYSE:SIX) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,212 shares of the company’s stock after buying an additional 25,105 shares during the period. Brown Advisory Inc. owned 0.10% of Six Flags Entertainment worth $4,852,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SIX. Capital World Investors acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $167,568,000. Oregon Public Employees Retirement Fund boosted its position in Six Flags Entertainment by 5,463.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,564,983 shares of the company’s stock valued at $28,000 after buying an additional 1,536,851 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Six Flags Entertainment by 2,852.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,033,017 shares of the company’s stock valued at $57,467,000 after buying an additional 998,028 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Six Flags Entertainment by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after buying an additional 288,077 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Six Flags Entertainment by 7,300.8% during the third quarter. Rehmann Capital Advisory Group now owns 208,703 shares of the company’s stock valued at $2,989,000 after acquiring an additional 205,883 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

In related news, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $63.00, for a total transaction of $1,748,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kurt Matthew Cellar bought 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of $49.46 per share, with a total value of $741,900.00. Following the purchase, the director now directly owns 70,116 shares of the company’s stock, valued at $3,467,937.36. The disclosure for this purchase can be found here. Insiders have sold 29,139 shares of company stock valued at $1,827,495 in the last three months. 5.50% of the stock is owned by insiders.

Several research firms have recently issued reports on SIX. TheStreet downgraded shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. ValuEngine downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Oppenheimer dropped their price target on shares of Six Flags Entertainment from $80.00 to $68.00 in a research note on Thursday, January 17th. Finally, Wells Fargo & Co raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.11.

Shares of NYSE SIX opened at $51.20 on Friday. Six Flags Entertainment Corp has a twelve month low of $49.14 and a twelve month high of $73.38. The firm has a market cap of $4.30 billion, a P/E ratio of 15.85 and a beta of 1.16.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Thursday, February 14th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.65. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. The business had revenue of $269.50 million during the quarter, compared to the consensus estimate of $284.50 million. During the same quarter last year, the firm earned $1.14 earnings per share. Six Flags Entertainment’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Six Flags Entertainment Corp will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 18th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Thursday, February 14th. Six Flags Entertainment’s dividend payout ratio is presently 101.55%.

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Six Flags Entertainment Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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