A Director at Six Flags (NYSE: SIX) is Buying Shares

Today, a Director at Six Flags (SIXResearch Report), Kurt Matthew Cellar, bought shares of SIX for $741.8K.

This recent transaction increases Kurt Matthew Cellar’s holding in the company by 1500% to a total of $4.08 million. Following Kurt Matthew Cellar’s last SIX Buy transaction on November 12, 2015, the stock climbed by 7.3%.

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Based on Six Flags’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $270 million and quarterly net profit of $79.42 million. In comparison, last year the company earned revenue of $257 million and had a net profit of $98.01 million. SIX’s market cap is $4.28B and the company has a P/E ratio of 15.93. Currently, Six Flags has an average volume of 1.08M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $63.00, reflecting a 22.5% upside.

The insider sentiment on Six Flags has been positive according to 53 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 operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional 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.