ExodusPoint Capital Management LP grew its holdings in shares of Six Flags Entertainment Co. (NYSE:SIX – Free Report) by 46.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,448 shares of the company’s stock after acquiring an additional 43,099 shares during the quarter. ExodusPoint Capital Management LP owned about 0.16% of Six Flags Entertainment worth $3,618,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Six Flags Entertainment by 45.7% in the 3rd quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after buying an additional 3,108,978 shares during the last quarter. Land & Buildings Investment Management LLC lifted 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 purchasing an additional 1,702,783 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Six Flags Entertainment by 242.2% during the first quarter. Clearbridge Investments LLC now owns 2,297,340 shares of the company’s stock valued at $99,934,000 after buying an additional 1,625,966 shares during the period. Norges Bank purchased a new position in shares of Six Flags Entertainment during the fourth quarter valued at approximately $15,475,000. Finally, Renaissance Technologies LLC increased its stake in shares of Six Flags Entertainment by 101.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the company’s stock valued at $24,540,000 after buying an additional 531,300 shares during the period. Institutional investors own 99.03% of the company’s stock.
Six Flags Entertainment Price Performance
Shares of NYSE:SIX opened at $23.03 on Wednesday. Six Flags Entertainment Co. has a 1-year low of $16.83 and a 1-year high of $31.29. The business has a fifty day moving average price of $23.95 and a 200-day moving average price of $25.38. The company has a market capitalization of $1.92 billion, a PE ratio of 23.99 and a beta of 2.16.
Six Flags Entertainment (NYSE:SIX – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.53). Six Flags Entertainment had a net margin of 5.83% and a negative return on equity of 9.50%. The company had revenue of $443.71 million for the quarter, compared to the consensus estimate of $465.25 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Six Flags Entertainment’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Six Flags Entertainment Co. will post 1.25 earnings per share for the current fiscal year.
Insider Activity at Six Flags Entertainment
In other Six Flags Entertainment news, CFO Gary Mick acquired 5,812 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average cost of $26.98 per share, with a total value of $156,807.76. Following the completion of the transaction, the chief financial officer now directly owns 89,737 shares of the company’s stock, valued at approximately $2,421,104.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have recently issued reports on SIX. StockNews.com began coverage on Six Flags Entertainment in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus reduced their price target on Six Flags Entertainment from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. Citigroup decreased their price objective on Six Flags Entertainment from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Six Flags Entertainment from $38.00 to $31.00 and set a “buy” rating for the company in a report on Friday, August 11th. Finally, Macquarie decreased their price objective on Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.00.
Check Out Our Latest Report on SIX
Six Flags Entertainment Profile
(Free Report)
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.
See Also
Want to see what other hedge funds are holding SIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Six Flags Entertainment Co. (NYSE:SIX – Free Report).
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