Raymond James & Associates Boosts Stock Position in Six Flags Entertainment Co. (NYSE:SIX)

Raymond James & Associates increased its holdings in Six Flags Entertainment Co. (NYSE:SIX) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,627 shares of the company’s stock after acquiring an additional 793 shares during the period. Raymond James & Associates’ holdings in Six Flags Entertainment were worth $643,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SIX. Deutsche Bank AG boosted its position in shares of Six Flags Entertainment by 151.2% during the third quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock worth $7,560,000 after buying an additional 193,543 shares during the period. Rush Island Management LP raised its stake 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 valued at $81,536,000 after acquiring an additional 668,986 shares in the last quarter. Cove Street Capital LLC raised its stake 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 valued at $10,818,000 after acquiring an additional 52,600 shares in the last quarter. Canada Pension Plan Investment Board raised its stake 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 valued at $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 in the third quarter valued at $429,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Performance

Shares of SIX stock opened at $23.82 on Thursday. The stock’s 50-day moving average is $25.17 and its two-hundred day moving average is $24.23. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 51.78 and a beta of 2.20. Six Flags Entertainment Co. has a 1 year low of $18.29 and a 1 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The company had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. As a group, research analysts predict that Six Flags Entertainment Co. will post 1.79 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Six Flags Entertainment 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.