Envestnet Asset Management Inc. acquires 13,921 shares of Six Flags Entertainment Co. (NYSE: SIX)
Envestnet 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 latest filing with the Securities and Exchange Commission. The institutional investor held 40,881 shares of the company after acquiring an additional 13,921 shares during the period. Envestnet Asset Management Inc.’s holdings in Six Flags Entertainment were worth $950,000 when it last filed with the Securities and Exchange Commission.
Several other hedge funds have also recently changed their positions in the company. BlackRock Inc. increased its position in shares of Six Flags Entertainment by 45.7% in the third quarter. BlackRock Inc. now owns 9,918,652 shares of the company worth $175,559,000 after acquiring 3,108,978 additional shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Six Flags Entertainment by 6.3% in Q1. Vanguard Group Inc. now owns 8,157,265 shares of the company valued at $354,841,000 after purchasing an additional 483,965 shares during the period. Long Pond Capital LP increased its stake in shares of Six Flags Entertainment by 503.5% in Q3. Long Pond Capital LP now owns 4,716,813 shares of the company valued at $83,488,000 after purchasing an additional 3,935,291 shares during the period. Thunderbird Partners LLP increased its stake in shares of Six Flags Entertainment by 12.2% in Q3. Thunderbird Partners LLP now owns 3,552,544 shares of the company valued at $62,880,000 after purchasing an additional 387,103 shares during the period. Finally, HG Vora Capital Management LLC acquired a new equity stake in Six Flags Entertainment in Q3 valued at approximately $61,950,000. 92.11% of the shares are held by institutional investors.
Insider buying and selling
In other Six Flags Entertainment news, CFO Gary Mick acquired 5,000 shares in a deal that took place on Wednesday, May 10. The shares were purchased at an average price of $26.62 per share, for a total transaction of $133,100.00. Following the completion of the transaction, the CFO 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, which is available via this link. 0.49% of the shares are currently held by insiders of the company.
Changes to analyst ratings
Several brokerages have recently commented on SIX. TheStreet downgraded Six Flags Entertainment from a “c” rating to a “d+” rating in a Thursday, March 2 research note. StockNews.com picked up coverage from Six Flags Entertainment in a Thursday, May 18 report. They set a “hold” rating for the company. Morgan Stanley assumed coverage from Six Flags Entertainment in a Thursday, April 20 report. They set an “equal weight” rating and a price target of $29.00 for the company. Truist Financial raised its price target on Six Flags Entertainment from $24.00 to $25.00 in a Tuesday, May 9 report. Finally, Citigroup raised its price target on Six Flags Entertainment from $26.00 to $29.00 in a Tuesday, May 9 report. Seven analysts gave the stock a hold rating and six gave the company a buy rating. 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 Awards Performance
NYSE: SIX opened at $25.00 on Friday. Six Flags Entertainment Co. has a 1-year minimum of $16.83 and a 1-year maximum of $31.29. The company has a market capitalization of $2.08 billion, a P/E ratio of 20.16 and a beta of 2.19. The stock’s fifty-day moving average price is $25.13 and its two-hundred-day moving average price is $25.07.
Six Flags Entertainment (NYSE:SIX – Get Rating) last released quarterly earnings data on Monday, May 8. The company reported ($0.84) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.85) by $0.01. Six Flags Entertainment had a negative return on equity of 13.15% and a net margin of 7.69%. The company posted revenue of $142.20 million for the quarter, versus a consensus estimate of $133.49 million. In the same quarter last year, the company posted ($0.76) earnings per share. The company’s revenues increased by 3.0% compared to the same quarter last year. On average, analysts expect Six Flags Entertainment Co. to post earnings per share of 2.16 for the current fiscal year.
About Six Flags Entertainment (Get a Rating)
Six Flags Entertainment Corp. owns and operates theme parks and water parks. It operates under the Six Flags brand, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game rooms and retail outlets. The company was founded by Angus G. Wynne Jr.
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