Treasurer of the State of North Carolina cut its stake in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,266 shares of the company’s stock after selling 4,036 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Six Flags Entertainment were worth $750,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Six Flags Entertainment by 45.7% in the 3rd quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock valued at $175,559,000 after buying an additional 3,108,978 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Six Flags Entertainment by 6.3% during the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after acquiring an additional 483,965 shares during the period. Long Pond Capital LP grew its position in shares of Six Flags Entertainment by 503.5% in the third quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock valued at $83,488,000 after purchasing an additional 3,935,291 shares during the last quarter. Thunderbird Partners LLP increased its stake in shares of Six Flags Entertainment by 12.2% during the third quarter. Thunderbird Partners LLP now owns 3,552,544 shares of the company’s stock worth $62,880,000 after purchasing an additional 387,103 shares during the period. Finally, HG Vora Capital Management LLC bought a new position in shares of Six Flags Entertainment during the third quarter worth approximately $61,950,000. 92.11% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on SIX shares. Rosenblatt Securities upped 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. TheStreet downgraded shares of Six Flags Entertainment from a “c” rating to a “d+” rating in a research note on Thursday, March 2nd. Truist Financial lifted their price objective on shares of Six Flags Entertainment from $24.00 to $25.00 in a research note on Tuesday, May 9th. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Thursday. They set a “hold” rating on the stock. Finally, Citigroup lifted their price target on shares of Six Flags Entertainment from $26.00 to $29.00 in a research report on Tuesday, May 9th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and a consensus target price of $30.83.
Insider Activity at Six Flags Entertainment
Six Flags Entertainment Stock Performance
Shares of SIX opened at $25.77 on Monday. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $31.29. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 20.78 and a beta of 2.19. The business’s fifty day moving average is $25.11 and its 200-day moving average is $25.00.
Six Flags Entertainment (NYSE:SIX – Get Rating) last issued its earnings results on Monday, May 8th. The company reported ($0.84) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.01. Six Flags Entertainment had a negative return on equity of 13.15% and a net margin of 7.69%. The firm had revenue of $142.20 million during the quarter, compared to the consensus estimate of $133.49 million. During the same quarter in the previous year, the firm earned ($0.76) earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, research analysts forecast that Six Flags Entertainment Co. will post 2.16 EPS for the current fiscal year.
Six Flags Entertainment Company Profile
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.
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