Swiss National Bank Trims Stake in Six Flags Entertainment Co. (NYSE:SIX)

Swiss National Bank cut its stake in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,600 shares of the company’s stock after selling 3,900 shares during the quarter. Swiss National Bank owned about 0.22% of Six Flags Entertainment worth $4,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates boosted its position in shares of Six Flags Entertainment by 79.3% in the 1st quarter. Raymond James & Associates now owns 41,820 shares of the company’s stock worth $1,819,000 after purchasing an additional 18,491 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Six Flags Entertainment during the 1st quarter worth about $771,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Six Flags Entertainment during the 1st quarter worth about $109,000. MetLife Investment Management LLC lifted its position in Six Flags Entertainment by 37.0% during the 1st quarter. MetLife Investment Management LLC now owns 51,361 shares of the company’s stock worth $2,234,000 after acquiring an additional 13,860 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Six Flags Entertainment by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company’s stock worth $1,234,000 after acquiring an additional 2,704 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Trading Down 4.7 %

NYSE:SIX opened at $25.77 on Friday. Six Flags Entertainment Co. has a 12 month low of $16.83 and a 12 month high of $31.29. The stock has a 50 day moving average of $25.11 and a two-hundred day moving average of $24.98. The firm has a market cap of $2.15 billion, a P/E ratio of 20.78 and a beta of 2.19.

Six Flags Entertainment (NYSE:SIX – Get Rating) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.84) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.01. The company had revenue of $142.20 million during the quarter, compared to analyst estimates of $133.49 million. Six Flags Entertainment had a negative return on equity of 13.15% and a net margin of 7.69%. Six Flags Entertainment’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.76) EPS. On average, research analysts forecast that Six Flags Entertainment Co. will post 2.16 earnings per share for the current year.

Insider Activity

In other Six Flags Entertainment news, CFO Gary Mick acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average cost of $26.62 per share, for a total transaction of $133,100.00. Following the completion of the acquisition, the chief financial officer now owns 82,237 shares of the company’s stock, valued at approximately $2,189,148.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SIX shares. TheStreet cut Six Flags Entertainment from a “c” rating to a “d+” rating in a research report on Thursday, March 2nd. Rosenblatt Securities boosted their price objective on Six Flags Entertainment from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Six Flags Entertainment from $36.00 to $38.00 in a report on Tuesday, May 9th. Citigroup boosted their price objective on Six Flags Entertainment from $26.00 to $29.00 in a report on Tuesday, May 9th. Finally, Morgan Stanley assumed coverage on Six Flags Entertainment in a report on Thursday, April 20th. They issued an “equal weight” rating and a $29.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Six Flags Entertainment has a consensus rating of “Hold” and an average target price of $30.83.

Six Flags Entertainment Profile

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Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr.