Federated Hermes Inc. Sells 325,074 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Federated Hermes Inc. cut its holdings in shares of Six Flags Entertainment Co. (NYSE:SIX) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 475,334 shares of the company’s stock after selling 325,074 shares during the quarter. Federated Hermes Inc.’s holdings in Six Flags Entertainment were worth $11,921,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Six Flags Entertainment by 151.2% during the 3rd quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock worth $7,560,000 after acquiring an additional 193,543 shares in the last quarter. Rush Island Management LP boosted its position in shares of Six Flags Entertainment by 23.9% during the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after acquiring an additional 668,986 shares in the last quarter. Cove Street Capital LLC boosted its position in shares of Six Flags Entertainment by 12.4% during the 3rd quarter. Cove Street Capital LLC now owns 478,053 shares of the company’s stock worth $10,818,000 after acquiring an additional 52,600 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Six Flags Entertainment by 586.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 207,445 shares of the company’s stock worth $4,877,000 after acquiring an additional 177,245 shares in the last quarter. Finally, Corton Capital Inc. acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $429,000. 98.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SIX. Citigroup increased their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Truist Financial raised their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Sunday. They issued a “hold” rating on the stock. Finally, B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Stock Performance

Shares of NYSE:SIX opened at $23.96 on Wednesday. The firm has a market cap of $2.02 billion, a PE ratio of 52.09 and a beta of 2.20. The firm’s fifty day moving average is $25.19 and its 200-day moving average is $24.22. Six Flags Entertainment Co. has a 52 week low of $18.29 and a 52 week high of $28.99.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The business had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. Sell-side analysts forecast that Six Flags Entertainment Co. will post 1.79 EPS for the current 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.