Six Flags Entertainment Co. (NYSE:SIX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of Six Flags Entertainment Co. (NYSE:SIX - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,168,307 shares of the company's stock after selling 39,633 shares during the period. Charles Schwab Investment Management Inc. owned 1.40% of Six Flags Entertainment worth $29,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in Six Flags Entertainment by 26.4% during the 3rd quarter. Victory Capital Management Inc. now owns 25,388 shares of the company's stock worth $597,000 after acquiring an additional 5,302 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Six Flags Entertainment during the third quarter valued at $4,188,000. Jump Financial LLC boosted its position in shares of Six Flags Entertainment by 207.2% during the third quarter. Jump Financial LLC now owns 40,030 shares of the company's stock valued at $941,000 after buying an additional 26,998 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Six Flags Entertainment during the third quarter valued at $802,000. Finally, Swiss National Bank boosted its position in Six Flags Entertainment by 1.0% in the third quarter. Swiss National Bank now owns 155,600 shares of the company's stock worth $3,658,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Six Flags Entertainment Stock Performance

SIX traded down $0.42 during trading on Thursday, hitting $25.99. 962,234 shares of the stock were exchanged, compared to its average volume of 898,496. The firm has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $24.89. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 81.22 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 - Get Free Report) last announced its 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). The company had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a net margin of 1.84% and a negative return on equity of 6.61%. As a group, equities analysts anticipate that Six Flags Entertainment Co. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 15th. StockNews.com began coverage on Six Flags Entertainment in a research note on Thursday. They issued a "hold" rating for the company. Citigroup raised their price objective 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. Finally, B. Riley upgraded Six Flags Entertainment from a "neutral" rating to a "buy" rating and increased their price target for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.00.

Insider Buying and Selling at Six Flags Entertainment

In other Six Flags Entertainment news, CAO Derek Sample sold 2,300 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the sale, the chief accounting officer now owns 12,805 shares of the company's stock, valued at approximately $338,564.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.

About Six Flags Entertainment

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.