Rice Hall James & Associates LLC grew its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 69.1% in the 3rd quarter, Holdings Channel reports. The fund owned 209,647 shares of the company’s stock after acquiring an additional 85,658 shares during the period. Rice Hall James & Associates LLC’s holdings in Six Flags Entertainment were worth $14,638,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SIX. Sei Investments Co. increased its position in Six Flags Entertainment by 43.9% during the 2nd quarter. Sei Investments Co. now owns 10,529 shares of the company’s stock worth $737,000 after purchasing an additional 3,211 shares in the last quarter. Carillon Tower Advisers Inc. increased its position in Six Flags Entertainment by 50.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 247,275 shares of the company’s stock worth $17,322,000 after purchasing an additional 82,525 shares in the last quarter. BlackRock Inc. increased its position in Six Flags Entertainment by 3.1% during the 2nd quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock worth $467,588,000 after purchasing an additional 201,773 shares in the last quarter. Swiss National Bank increased its position in Six Flags Entertainment by 1.6% during the 2nd quarter. Swiss National Bank now owns 125,900 shares of the company’s stock worth $8,819,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Cox Capital Co LLC acquired a new stake in Six Flags Entertainment during the 2nd quarter worth approximately $1,804,000. Institutional investors own 94.58% of the company’s stock.
SIX stock opened at $53.33 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of -3.10. Six Flags Entertainment Corp has a 1 year low of $51.91 and a 1 year high of $73.38. The stock has a market capitalization of $5.51 billion, a PE ratio of 25.04 and a beta of 1.00.
Several equities research analysts have recently issued reports on SIX shares. Wells Fargo & Co lowered shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research report on Monday, July 9th. KeyCorp increased their price objective on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wedbush downgraded Six Flags Entertainment from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $76.00 to $70.00 in a report on Friday, July 20th. Finally, Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Six Flags Entertainment currently has a consensus rating of “Hold” and an average target price of $70.50.
In other news, Director Richard Roedel purchased 3,974 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was acquired at an average cost of $62.85 per share, with a total value of $249,765.90. Following the acquisition, the director now owns 14,293 shares in the company, valued at $898,315.05. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total transaction of $29,279.29. The disclosure for this sale can be found here. Insiders sold 2,934 shares of company stock valued at $195,337 in the last ninety days. 5.50% of the stock is owned by corporate insiders.
Six Flags Entertainment Profile
Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.
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