James Reid-Anderson (Insider Trades), CEO, president and chairman of Six Flags Entertainment Corp. (SIX), sold 150,000 shares of the company on Oct. 20. The average price per share was $51.52 for a total transaction amount of $7,728,000. Six Flags Entertainment is the world’s largest regional theme park company with $1.2 billion in revenue and 18 parks across North America. The company has a market cap of $4.98 billion and a P/S ratio of 4.16.
The number and volume of insider sales of SIX decreased from 2012 to 2015. There were 32 insider sales of the company totaling 2,438,594 shares in 2012, compared to 18 transactions totaling 1,443,939 shares from January to October 2015. Insider sell number and volume initially decreased to 18 trades totaling 724,975 shares in 2013. The number and volume of insider trades of SIX did not increase since 2012, despite the increase in month end price for the company. 
Reid-Anderson sold 2,450,700 shares of SIX in 14 transactions since 2012. His earliest sale increased about 40% since then. Six Flags Senior Vice President of Marketing, Brett Petit (Insider Trades), also sold 18,704 shares on Oct. 19 for $50 per share. For more information about insider trades with Six Flags Entertainment Corp., click here.
Six Flags Entertainment announced net income of $157.300 million, or $1.67 per share in the third quarter of 2015. This is up from a net income of $105.034, or $1.11 per share reported by the company in the corresponding quarter of 2014. Total revenue for the company also increased from $143.881 million to $152.728 million in the same period of time. Both annual net income and annual revenue follow an increasing trend line. 
The company had announced a quarterly cash dividend of 52 cents per share of common stock payable Sept. 14 to shareholders of record as of Sept. 3. Ried-Anderson commented that the park is “consistently ranked as the most thrilling and innovative in the regional theme park industry,” because Six Flags introduced something new at each park every year, for five consecutive years.
According to GuruFocus.com information, Six Flags Entertainment has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Paul Tudor Jones (Trades, Portfolio) and Jim Simons (Trades, Portfolio) both reduced their stake in SIX during the second quarter of 2015. Jones sold out all 21,852 shares held in SIX after reducing his stake in the company by 16.41% in the previous quarter. The total estimated gain of Jones’ holding since the fourth quarter of 2014 is 21%. Simons sold 51,300 shares of the company at an average price of $47.90 per share, decreasing his holding by 21.09%. For more information about guru transactions with Six Flags Entertainment Corp., click here.
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