Today it was reported that the COB, Pres & CEO of Six Flags (NYSE: SIX), James Reid-Anderson, exercised options to buy 62,500 SIX shares at $37.54 a share, for a total transaction value of $2.35M.
This recent transaction increases James Reid-Anderson’s holding in the company by 1.68% to a total of $246 million. In addition to James Reid-Anderson, one other SIX executive reported Buy trades in the last month.
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Based on Six Flags’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $445 million and quarterly net profit of $74.5 million. In comparison, last year the company earned revenue of $422 million and had a net profit of $52.03 million. SIX’s market cap is $5.47B and the company has a P/E ratio of 19.24. Currently, Six Flags has an average volume of 1.05M.
12 different firms, including B.Riley FBR and Credit Suisse, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $75.71, reflecting a 15.3% upside. Starting in July 2018, SIX received 6 Buy ratings in a row.
The insider sentiment on Six Flags has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.
