Whitener Capital Management Inc. acquired a new position in shares of Six Flags Entertainment Corp (NYSE:SIX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 900 shares of the company’s stock, valued at approximately $44,000.
A number of other institutional investors also recently bought and sold shares of SIX. Gradient Investments LLC increased its stake in Six Flags Entertainment by 761,921.7% during the 2nd quarter. Gradient Investments LLC now owns 175,265 shares of the company’s stock worth $8,707,000 after acquiring an additional 175,242 shares during the period. Marshall Wace North America L.P. lifted its holdings in Six Flags Entertainment by 201.9% in the 1st quarter. Marshall Wace North America L.P. now owns 226,359 shares of the company’s stock valued at $11,169,000 after purchasing an additional 151,384 shares in the last quarter. BlackRock Inc. lifted its holdings in Six Flags Entertainment by 1.7% in the 1st quarter. BlackRock Inc. now owns 6,522,365 shares of the company’s stock valued at $321,881,000 after purchasing an additional 111,432 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Six Flags Entertainment in the 2nd quarter valued at about $4,592,000. Finally, Waratah Capital Advisors Ltd. purchased a new position in Six Flags Entertainment in the 1st quarter valued at about $4,375,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.
Several research analysts have recently weighed in on SIX shares. Jefferies Financial Group started coverage on shares of Six Flags Entertainment in a report on Monday, April 22nd. They set a “hold” rating and a $56.00 price objective on the stock. Wells Fargo & Co upgraded shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $52.00 to $56.00 in a report on Tuesday, July 9th. ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Wedbush upgraded shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $51.00 to $62.00 in a report on Wednesday, June 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Six Flags Entertainment presently has an average rating of “Buy” and an average price target of $61.40.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The business had revenue of $477.20 million for the quarter, compared to analyst estimates of $468.44 million. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. As a group, equities research analysts predict that Six Flags Entertainment Corp will post 2.83 earnings per share for the current year.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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