LPL Financial LLC Sells 3,247 Shares of Six Flags Entertainment Co. (NYSE:SIX)

LPL Financial LLC cut its position in shares of Six Flags Entertainment Co. (NYSE:SIX) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,717 shares of the company’s stock after selling 3,247 shares during the period. LPL Financial LLC’s holdings in Six Flags Entertainment were worth $876,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its position in Six Flags Entertainment by 45.7% in the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock valued at $175,559,000 after acquiring an additional 3,108,978 shares during the period. Vanguard Group Inc. grew its position in Six Flags Entertainment by 6.3% in the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock valued at $354,841,000 after acquiring an additional 483,965 shares during the period. Wellington Management Group LLP grew its position in Six Flags Entertainment by 12.6% in the first quarter. Wellington Management Group LLP now owns 3,244,963 shares of the company’s stock valued at $141,156,000 after acquiring an additional 362,407 shares during the period. Land & Buildings Investment Management LLC grew its position in Six Flags Entertainment by 189.5% in the fourth quarter. Land & Buildings Investment Management LLC now owns 2,601,473 shares of the company’s stock valued at $60,484,000 after acquiring an additional 1,702,783 shares during the period. Finally, State Street Corp boosted its stake in Six Flags Entertainment by 0.5% in the first quarter. State Street Corp now owns 2,305,714 shares of the company’s stock worth $61,586,000 after purchasing an additional 11,653 shares in the last quarter. 99.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, insider Aimee Williams-Ramey sold 11,630 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $24.45, for a total value of $284,353.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

SIX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Six Flags Entertainment in a research note on Wednesday, November 1st. They issued an “underweight” rating and a $16.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Six Flags Entertainment from $38.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. KeyCorp reduced their price objective on Six Flags Entertainment from $31.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. Citigroup raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Friday, November 3rd. Finally, Macquarie reduced their price objective on Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $27.42.

Six Flags Entertainment Trading Up 2.5 %

NYSE:SIX opened at $23.70 on Monday. Six Flags Entertainment Co. has a 1-year low of $18.29 and a 1-year high of $31.29. The business’s 50-day moving average price is $22.44 and its two-hundred day moving average price is $24.01. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 26.63 and a beta of 2.09.

About Six Flags Entertainment

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.