Six Flags (SIX) Holdings Reduced by Eaton Vance Management

Eaton Vance Management decreased its holdings in shares of Six Flags (NYSE:SIX) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,237 shares of the company’s stock after selling 2,725 shares during the period. Eaton Vance Management’s holdings in Six Flags were worth $1,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Six Flags by 2.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,621,391 shares of the company’s stock worth $163,208,000 after acquiring an additional 51,902 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Six Flags by 1.9% in the 4th quarter. Thrivent Financial For Lutherans now owns 1,593,898 shares of the company’s stock worth $106,106,000 after acquiring an additional 29,180 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Six Flags by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,424,909 shares of the company’s stock worth $94,855,000 after acquiring an additional 13,180 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Six Flags by 132.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 785,710 shares of the company’s stock worth $52,305,000 after acquiring an additional 447,635 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Six Flags in the 4th quarter worth approximately $49,415,000. 94.48% of the stock is owned by institutional investors and hedge funds.

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Six Flags opened at $64.11 on Wednesday, MarketBeat Ratings reports. Six Flags has a twelve month low of $51.25 and a twelve month high of $70.44. The company has a debt-to-equity ratio of -2.90, a current ratio of 0.37 and a quick ratio of 0.30. The company has a market cap of $5.39 billion, a P/E ratio of 30.10 and a beta of 1.13.

Six Flags (NYSE:SIX) last posted its quarterly earnings data on Tuesday, April 24th. The company reported ($0.74) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.05. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The company had revenue of $128.96 million during the quarter, compared to analyst estimates of $118.75 million. During the same quarter last year, the company earned ($0.63) EPS. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. equities research analysts forecast that Six Flags will post 2.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Thursday, May 31st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, May 30th. Six Flags’s dividend payout ratio (DPR) is presently 146.48%.

In related news, VP Lance C. Balk sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the completion of the transaction, the vice president now owns 15,738 shares of the company’s stock, valued at approximately $1,033,514.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Six Flags from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Saturday, February 17th. Stifel Nicolaus reissued a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags in a research report on Wednesday, February 21st. Macquarie increased their target price on Six Flags from $56.00 to $58.00 and gave the stock an “underperform” rating in a research report on Thursday, April 26th. B. Riley increased their target price on Six Flags from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, ValuEngine raised Six Flags from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Six Flags presently has an average rating of “Buy” and an average price target of $69.55.

Six Flags 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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