Arizona State Retirement System lessened its position in Six Flags Entertainment Corp (NYSE:SIX) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,730 shares of the company’s stock after selling 3,213 shares during the period. Arizona State Retirement System owned 0.06% of Six Flags Entertainment worth $3,542,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Castleark Management LLC bought a new stake in Six Flags Entertainment in the 2nd quarter worth $123,000. First Hawaiian Bank bought a new stake in Six Flags Entertainment in the 3rd quarter worth $197,000. CIBC Asset Management Inc bought a new stake in Six Flags Entertainment in the 2nd quarter worth $202,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Six Flags Entertainment by 52.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,180 shares of the company’s stock valued at $223,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Six Flags Entertainment by 31.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,210 shares of the company’s stock valued at $225,000 after purchasing an additional 772 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Catherine Aslin sold 2,425 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $66.85, for a total transaction of $162,111.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marshall Barber sold 449 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was 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 have sold 2,934 shares of company stock worth $195,337 in the last three months. 6.90% of the stock is currently owned by insiders.
Shares of SIX opened at $57.17 on Friday. The stock has a market cap of $4.93 billion, a PE ratio of 26.84 and a beta of 1.21. Six Flags Entertainment Corp has a 1-year low of $51.91 and a 1-year high of $73.38.
Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.16). Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. The company had revenue of $619.82 million for the quarter, compared to the consensus estimate of $633.03 million. On average, sell-side analysts forecast that Six Flags Entertainment Corp will post 2.61 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Macquarie raised shares of Six Flags Entertainment from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research note on Friday, October 26th. Zacks Investment Research lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wedbush lowered shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and cut their target price for the company from $76.00 to $70.00 in a research note on Friday, July 20th. Finally, B. Riley cut their target price on shares of Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.63.
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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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