Louisiana State Employees Retirement System bought a new position in shares of Six Flags Entertainment Co. (NYSE:SIX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,900 shares of the company's stock, valued at approximately $900,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG increased its position in 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 purchasing an additional 193,543 shares in the last quarter. Rush Island Management LP grew its position in 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 grew its position in 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 grew its position in 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 Six Flags Entertainment in the third quarter valued at approximately $429,000. Institutional investors and hedge funds own 98.04% of the company's stock.
Six Flags Entertainment Price Performance
SIX traded up $0.26 during trading hours on Friday, hitting $23.74. 503,778 shares of the stock were exchanged, compared to its average volume of 873,375. The stock has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $24.23. 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 cap of $2.00 billion, a price-to-earnings ratio of 51.61 and a beta of 2.20.
Six Flags Entertainment (NYSE:SIX - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $298.42 million. Sell-side analysts expect that Six Flags Entertainment Co. will post 1.79 EPS for the current year.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Citigroup increased 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 report on Friday, March 1st. B. Riley raised shares of Six Flags Entertainment from a "neutral" rating to a "buy" rating and increased their price objective for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Truist Financial increased their price objective 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. Finally, StockNews.com began coverage on Six Flags Entertainment in a research note on Sunday, April 21st. They set a "hold" rating for the company. Two 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. According to MarketBeat, Six Flags Entertainment currently has a consensus rating of "Hold" and an average target price of $28.31.
Check Out Our Latest Analysis on Six Flags Entertainment
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 sells food, beverages, merchandise, and other products and services within its parks.
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