Louisiana State Employees Retirement System Takes $900,000 Position in Six Flags Entertainment Co. (NYSE:SIX)

Louisiana State Employees Retirement System bought a new stake in Six Flags Entertainment Co. (NYSE:SIX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 35,900 shares of the company’s stock, valued at approximately $900,000.

Several other large investors have also modified their holdings of the stock. Rush Island Management LP boosted its holdings in shares of Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock valued at $81,536,000 after buying an additional 668,986 shares in the last quarter. Cooper Creek Partners Management LLC boosted its holdings in shares of Six Flags Entertainment by 73.1% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock valued at $77,280,000 after buying an additional 1,387,734 shares in the last quarter. Land & Buildings Investment Management LLC boosted its holdings in shares of Six Flags Entertainment by 60.9% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 1,383,986 shares of the company’s stock valued at $32,538,000 after buying an additional 524,070 shares in the last quarter. Hawk Ridge Capital Management LP boosted its holdings in shares of Six Flags Entertainment by 81.3% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 1,193,868 shares of the company’s stock valued at $28,068,000 after buying an additional 535,486 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Six Flags Entertainment by 26,744.9% in the 3rd quarter. UBS Group AG now owns 584,413 shares of the company’s stock valued at $13,740,000 after buying an additional 582,236 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Price Performance

Six Flags Entertainment stock opened at $23.48 on Friday. Six Flags Entertainment Co. has a 12-month low of $18.29 and a 12-month high of $28.99. The stock has a market capitalization of $1.98 billion, a P/E ratio of 51.04 and a beta of 2.20. The firm’s 50-day moving average is $25.15 and its two-hundred day moving average is $24.23.

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 the consensus estimate 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 firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. As a group, analysts forecast that Six Flags Entertainment Co. will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in 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 note on Friday, March 1st. B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Truist Financial upped their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Finally, StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Sunday, April 21st. They issued a “hold” rating for the company. Two equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.31.

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.