Trafelet Brokaw Capital Management buys $3,058,867 stake in Six Flags Entertainment Corp (SIX)

Six Flags Entertainment Corp (SIX) : Trafelet Brokaw Capital Management scooped up 20,000 additional shares in Six Flags Entertainment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 56,126 shares of Six Flags Entertainment Corp which is valued at $3,058,867.Six Flags Entertainment Corp makes up approximately 2.34% of Trafelet Brokaw Capital Management’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co added SIX to its portfolio by purchasing 113 company shares during the most recent quarter which is valued at $6,159. Bokf Na sold out all of its stake in SIX during the most recent quarter. The investment firm sold 40,862 shares of SIX which is valued $2,307,886.Parkside Financial Bank Trust reduced its stake in SIX by selling 52 shares or 26.4% in the most recent quarter. The Hedge Fund company now holds 145 shares of SIX which is valued at $8,190.Los Angeles Capital Management Equity Research Inc boosted its stake in SIX in the latest quarter, The investment management firm added 139,983 additional shares and now holds a total of 249,208 shares of Six Flags Entertainment Corp which is valued at $14,177,443. Six Flags Entertainment Corp makes up approx 0.11% of Los Angeles Capital Management Equity Research Inc’s portfolio.

Six Flags Entertainment Corp opened for trading at $56.01 and hit $56.25 on the upside on Monday, eventually ending the session at $56.23, with a gain of 0.50% or 0.28 points. The heightened volatility saw the trading volume jump to 4,50,369 shares. Company has a market cap of $5,176 M.

On the company’s financial health, Six Flags Entertainment Corp reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.52 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $1.61. The company had revenue of $557.60 million for the quarter, compared to analysts expectations of $586.44 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.64 EPS.

Investors should note that on Nov 8, 2016, Six Flags Entertainment Corp announced a cash dividend of $0.6400. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 12, 2016.

Many Wall Street Analysts have commented on Six Flags Entertainment Corp. Company shares were Reiterated by FBR & Co. on Oct 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $61 .Six Flags Entertainment Corp was Initiated by Hilliard Lyons to “Long-term Buy” on Aug 23, 2016.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these 16 are located in the United States one is located in Mexico City Mexico and one is located in Montreal Canada. Its parks generally offer a selection of thrill rides water attractions themed areas concerts and shows restaurants game venues and retail outlets. The Company’s parks offer approximately 800 rides including over 130 roller coasters. Its parks include Six Flags America Six Flags Discovery Kingdom Six Flags Fiesta Texas Six Flags Great Adventure & Safari Six Flags Great America Six Flags St. Louis Six Flags Magic Mountain Six Flags Mexico Six Flags New England Six Flags Over Georgia Six Flags Whitewater Atlanta Six Flags Over Texas La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.

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