Vestnet Asset Management Inc. Acquires 13,921 Shares of Six Flags Entertainment Co. (NYSE:SIX)
Vestnet Asset Management Inc. increased its stake in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 51.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,881 shares of the company after purchasing an additional 13,921 shares during the period. Envestnet Asset Management Inc.’s shares in Six Flags Entertainment were valued at $950,000 at the time of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently changed their positions in this business. BlackRock Inc. increased its stake in Six Flags Entertainment shares by 45.7% in the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock valued at $175,559,000 after purchasing an additional 3,108,978 shares last quarter. Vanguard Group Inc. increased its stake in Six Flags Entertainment shares by 6.3% in the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock valued at $354,841,000 after purchasing an additional 483,965 shares during the period. Long Pond Capital LP increased its stake in Six Flags Entertainment shares by 503.5% in the third quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock valued at $83,488,000 after purchasing an additional 3,935,291 shares during the period. Thunderbird Partners LLP increased its stake in Six Flags Entertainment shares by 12.2% during the third quarter. Thunderbird Partners LLP now owns 3,552,544 shares of the company’s shares valued at US$62,880,000 after purchasing an additional 387,103 shares during the period. Finally, during the third quarter, HG Vora Capital Management LLC acquired a new interest in shares of Six Flags Entertainment valued at approximately $61,950,000. 92.11% of the shares are owned by institutional investors.
Insider buying and selling
In other news from Six Flags Entertainment, CFO Gary Mick acquired 5,000 shares of the stock in a transaction that took place on Wednesday, May 10th. The shares were purchased at an average price of $26.62 per share for a total transaction of $133,100.00. Following the closing of the transaction, the Chief Financial Officer now owns 82,237 shares of the Company, valued at approximately $2,189,148.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this link. 0.49% of the shares are currently owned by company insiders.
Changes in analyst ratings
Several brokerage houses recently commented on SIX. TheStreet downgraded Six Flags Entertainment from a “c” rating to a “d+” rating in a research note on Thursday, March 2nd. StockNews.com took over coverage of Six Flags Entertainment in a report Thursday, May 18th. They assigned a “hold” rating to the company. Morgan Stanley took over coverage of Six Flags Entertainment in a report Thursday, April 20. They set an “equal weight” rating and a price target of $29.00 for the company. Truist Financial increased its target price on Six Flags Entertainment to $25.00 from $24.00 in a report Tuesday, May 9. Finally, in a report Tuesday, May 9, Citigroup raised its price target on Six Flags Entertainment to $29.00 from $26.00. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment has an average rating of Hold and an average price target of $31.25.
Six Flags Entertainment value for money
NYSE:SIX opened at $25.00 on Friday. Six Flags Entertainment Co. has a 1 year low of $16.83 and a 1 year high of $31.29. The company has a market cap of $2.08 billion, a P/E of 20.16 and a beta of 2.19. The 50-day moving average price of the stock is $25.13 and the 200-day moving average price is $25.07.
Six Flags Entertainment (NYSE:SIX – Get rating) last released its quarterly earnings data on Monday, May 8th. The company reported earnings per share (EPS) of ($0.84) for the quarter, beating analyst consensus estimates of ($0.85) by $0.01. Six Flags Entertainment achieved a negative return on equity of 13.15% and a net margin of 7.69%. The company had revenue of $142.20 million for the quarter, compared to the consensus estimate of $133.49 million. In the prior-year quarter, the company posted earnings per share of $0.76. The company’s revenue increased by 3.0% compared to the prior-year quarter. On average, analysts expect Six Flags Entertainment Co. to report earnings per share of 2.16 for the current fiscal year.
About Six Flags Entertainment (Get Review)
Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. Operating under the Six Flags brand name, it offers rides, water attractions, themed areas, concerts and shows, restaurants, gaming venues and retail outlets. The company was founded by Angus G. Wynne Jr.
Selected items
This instant news alert was generated using MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected].
Before you think about Six Flags Entertainment, you should hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are secretly telling their clients to buy now, before the broader market finds out… and Six Flags Entertainment wasn’t on the list.
While Six Flags Entertainment is currently rated “Hold” by analysts, top analysts recommend these five stocks as better buys.
Check out the five stocks here
20 Stocks You Can Sell Right Now
MarketBeat just released its list of the 20 stocks Wall Street analysts hate. These companies appear to have good fundamentals, but top analysts are sensing something is seriously fishy. Are any of these companies lurking in your portfolio? Find out by entering your email address below.
Get this free report
