New York State Teachers Retirement System Lowers Stock Position in Six Flags Entertainment Co. (NYSE:SIX)

New York State Teachers Retirement System decreased its position in shares of Six Flags Entertainment Co. (NYSE:SIX) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 78,692 shares of the company’s stock after selling 2,882 shares during the quarter. New York State Teachers Retirement System’s holdings in Six Flags Entertainment were worth $1,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Six Flags Entertainment by 151.2% during the third quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock valued at $7,560,000 after acquiring an additional 193,543 shares during the last quarter. Rush Island Management LP raised its holdings in shares of Six Flags Entertainment by 23.9% in the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after buying an additional 668,986 shares during the last quarter. Cove Street Capital LLC raised its holdings in shares of Six Flags Entertainment by 12.4% in the third quarter. Cove Street Capital LLC now owns 478,053 shares of the company’s stock worth $10,818,000 after buying an additional 52,600 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Six Flags Entertainment by 586.9% in the third quarter. Canada Pension Plan Investment Board now owns 207,445 shares of the company’s stock worth $4,877,000 after buying an additional 177,245 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of Six Flags Entertainment in the third quarter worth $429,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. B. Riley cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Monday, February 5th. Citigroup raised their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Truist Financial raised their price target on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Finally, StockNews.com started coverage on shares of Six Flags Entertainment in a research note on Saturday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $28.23.

Six Flags Entertainment Stock Performance

SIX stock opened at $24.32 on Wednesday. The firm has a market cap of $2.05 billion, a PE ratio of 52.87 and a beta of 2.20. The firm’s fifty day moving average is $25.33 and its 200 day moving average is $24.18. Six Flags Entertainment Co. has a one year low of $18.29 and a one year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.18). The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. Research analysts predict that Six Flags Entertainment Co. will post 1.79 earnings per share for the current fiscal year.

Six Flags Entertainment Company Profile

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 sells food, beverages, merchandise, and other products and services within its parks.