Spire Wealth Management Has $71,000 Stock Position in Six Flags Entertainment Co. (NYSE:SIX)

Spire Wealth Management increased its position in shares of Six Flags Entertainment Co. (NYSE:SIX) by 71.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,746 shares of the company’s stock after purchasing an additional 1,147 shares during the quarter. Spire Wealth Management’s holdings in Six Flags Entertainment were worth $71,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in shares of Six Flags Entertainment by 79.3% during the first quarter. Raymond James & Associates now owns 41,820 shares of the company’s stock worth $1,819,000 after purchasing an additional 18,491 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $771,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Six Flags Entertainment during the 1st quarter worth about $109,000. MetLife Investment Management LLC increased its stake in shares of Six Flags Entertainment by 37.0% during the 1st quarter. MetLife Investment Management LLC now owns 51,361 shares of the company’s stock worth $2,234,000 after purchasing an additional 13,860 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Six Flags Entertainment by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company’s stock worth $1,234,000 after purchasing an additional 2,704 shares during the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.

Insider Transactions at Six Flags Entertainment

In related news, insider Aimee Williams-Ramey sold 11,630 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $24.45, for a total value of $284,353.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SIX. Stifel Nicolaus cut their price objective on shares of Six Flags Entertainment from $31.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 11th. Morgan Stanley increased their price objective on shares of Six Flags Entertainment from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Citigroup upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Friday, November 3rd. The Goldman Sachs Group decreased their price objective on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “sell” rating for the company in a research report on Monday, July 24th. Finally, TheStreet raised shares of Six Flags Entertainment from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.77.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $24.14 on Tuesday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 27.12 and a beta of 2.09. The firm’s 50-day moving average is $22.44 and its 200 day moving average is $24.01. Six Flags Entertainment Co. has a 1 year low of $18.29 and a 1 year high of $31.29.

Six Flags Entertainment Company Profile

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 also sells food, beverages, merchandise, and other products and services within its parks.