Mutual of America Capital Management LLC Has $3.07 Million Holdings in Six Flags Entertainment Co. (NYSE:SIX)

Mutual of America Capital Management LLC increased its holdings in Six Flags Entertainment Co. (NYSE:SIXGet Rating) by 2.0% during the first quarter, HoldingsChannel reports. The fund owned 70,573 shares of the company’s stock after acquiring an additional 1,353 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Six Flags Entertainment were worth $3,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highland Capital Management LLC boosted its holdings in Six Flags Entertainment by 0.7% in the 1st quarter. Highland Capital Management LLC now owns 41,372 shares of the company’s stock valued at $1,800,000 after purchasing an additional 273 shares during the period. State of Michigan Retirement System boosted its holdings in Six Flags Entertainment by 1.6% in the 4th quarter. State of Michigan Retirement System now owns 19,629 shares of the company’s stock valued at $836,000 after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Six Flags Entertainment by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the company’s stock valued at $868,000 after purchasing an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Six Flags Entertainment by 58.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock valued at $51,000 after purchasing an additional 428 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Six Flags Entertainment by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 38,188 shares of the company’s stock valued at $1,626,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 88.55% of the company’s stock.

Wall Street Analysts Forecast Growth

SIX has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Six Flags Entertainment from $52.00 to $35.00 and set a “buy” rating for the company in a report on Friday, June 24th. StockNews.com began coverage on shares of Six Flags Entertainment in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their price objective on shares of Six Flags Entertainment from $46.00 to $32.00 in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Six Flags Entertainment from $57.00 to $56.00 in a research report on Friday, May 13th. Finally, Rosenblatt Securities began coverage on shares of Six Flags Entertainment in a research report on Monday, April 25th. They set a “buy” rating and a $56.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Six Flags Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $41.80.

Insiders Place Their Bets

In other news, Director Arik W. Ruchim purchased 70,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $28.66 per share, with a total value of $2,006,200.00. Following the acquisition, the director now directly owns 9,200,000 shares in the company, valued at $263,672,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Arik W. Ruchim purchased 70,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $28.66 per share, with a total value of $2,006,200.00. Following the acquisition, the director now directly owns 9,200,000 shares in the company, valued at $263,672,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Gary Mick purchased 1,325 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was purchased at an average cost of $23.82 per share, for a total transaction of $31,561.50. Following the acquisition, the chief financial officer now owns 30,000 shares in the company, valued at $714,600. The disclosure for this purchase can be found here. Insiders have bought a total of 553,325 shares of company stock valued at $16,049,162 in the last quarter. Insiders own 0.41% of the company’s stock.

Six Flags Entertainment Stock Up 1.8 %

Shares of NYSE:SIX opened at $21.98 on Thursday. The stock has a market cap of $1.90 billion, a PE ratio of 12.01 and a beta of 2.27. The company’s fifty day moving average is $24.49 and its 200 day moving average is $34.81. Six Flags Entertainment Co. has a 52 week low of $19.87 and a 52 week high of $47.24.

Six Flags Entertainment (NYSE:SIXGet Rating) last issued its earnings results on Thursday, May 12th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. The company had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $122.26 million. Six Flags Entertainment had a net margin of 10.31% and a negative return on equity of 15.34%. The firm’s revenue was up 68.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.12) EPS. Sell-side analysts anticipate that Six Flags Entertainment Co. will post 2.48 EPS for the current year.

Six Flags Entertainment Company Profile

(Get Rating)

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.

Further Reading

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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