Guyasuta Investment Advisors Inc. Sells 795 Shares of Six Flags Entertainment Corporation New (SIX)

Guyasuta Investment Advisors Inc. reduced its position in Six Flags Entertainment Corporation New (NYSE:SIX) by 8.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,005 shares of the company’s stock after selling 795 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Six Flags Entertainment Corporation New were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of Six Flags Entertainment Corporation New by 748.8% in the third quarter. American International Group Inc. now owns 162,804 shares of the company’s stock worth $9,919,000 after acquiring an additional 143,623 shares during the period. Park Avenue Securities LLC boosted its stake in Six Flags Entertainment Corporation New by 13.4% during the third quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock valued at $411,000 after buying an additional 802 shares during the period. ING Groep NV bought a new stake in Six Flags Entertainment Corporation New during the third quarter valued at $594,000. Pacer Advisors Inc. boosted its stake in Six Flags Entertainment Corporation New by 7.2% during the third quarter. Pacer Advisors Inc. now owns 13,317 shares of the company’s stock valued at $812,000 after buying an additional 897 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in Six Flags Entertainment Corporation New during the third quarter valued at $8,134,000. 91.01% of the stock is owned by institutional investors and hedge funds.

SIX has been the subject of several research analyst reports. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub lowered Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Janney Montgomery Scott reissued a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Finally, Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.00.

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In related news, CEO James Reid-Anderson sold 41,008 shares of the business’s stock in a transaction dated 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 owns 3,570,602 shares in the company, valued at approximately $232,303,366.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the acquisition, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by insiders.

Six Flags Entertainment Corporation New (SIX) traded up $0.08 on Friday, hitting $64.59. The stock had a trading volume of 986,400 shares, compared to its average volume of 1,090,981. The stock has a market capitalization of $5,411.72, a P/E ratio of 30.90, a P/E/G ratio of 3.78 and a beta of 1.15. 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 1 year low of $51.25 and a 1 year high of $65.75.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. This is an increase from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. Six Flags Entertainment Corporation New’s payout ratio is currently 122.49%.

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

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