Peregrine Capital Management LLC Sells 100,936 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Peregrine Capital Management LLC trimmed its stake in Six Flags Entertainment Co. (NYSE:SIX - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306,318 shares of the company's stock after selling 100,936 shares during the period. Peregrine Capital Management LLC owned 0.37% of Six Flags Entertainment worth $7,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SIX. Raymond James & Associates lifted its position in shares of Six Flags Entertainment by 79.3% in the 1st quarter. Raymond James & Associates now owns 41,820 shares of the company's stock worth $1,819,000 after purchasing an additional 18,491 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Six Flags Entertainment during the 1st quarter valued at about $771,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Six Flags Entertainment during the 1st quarter valued at about $109,000. MetLife Investment Management LLC lifted its position in Six Flags Entertainment by 37.0% during the 1st quarter. MetLife Investment Management LLC now owns 51,361 shares of the company's stock valued at $2,234,000 after acquiring an additional 13,860 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Six Flags Entertainment by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company's stock valued at $1,234,000 after acquiring an additional 2,704 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Performance

Shares of SIX stock traded down $0.85 during trading hours on Wednesday, reaching $24.38. The company had a trading volume of 2,598,771 shares, compared to its average volume of 884,768. The business has a fifty day moving average price of $25.44 and a 200-day moving average price of $24.15. Six Flags Entertainment Co. has a one year low of $18.29 and a one year high of $28.99. The firm has a market cap of $2.05 billion, a PE ratio of 53.00 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $298.42 million. Equities research analysts forecast that Six Flags Entertainment Co. will post 1.8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target 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 initiated coverage on shares of Six Flags Entertainment in a research report on Friday, April 5th. They set a "hold" rating for the company. Morgan Stanley upgraded shares of Six Flags Entertainment from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $29.00 to $32.00 in a research note on Thursday, December 14th. Citigroup raised their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Finally, B. Riley lowered shares of Six Flags Entertainment from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Six Flags Entertainment presently has an average rating of "Hold" and a consensus target price of $28.23.

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.