Six Flags Entertainment Corp (SIX) Shares Sold by Global X Management Co LLC

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Global X Management Co LLC lessened its stake in shares of Six Flags Entertainment Corp (NYSE:SIX) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,923 shares of the company’s stock after selling 1,983 shares during the quarter. Global X Management Co LLC owned about 0.14% of Six Flags Entertainment worth $8,261,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SIX. American Century Companies Inc. raised its position in Six Flags Entertainment by 164.5% in the 1st quarter. American Century Companies Inc. now owns 34,452 shares of the company’s stock valued at $2,145,000 after purchasing an additional 21,428 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Six Flags Entertainment in the 1st quarter valued at $280,000. Schwab Charles Investment Management Inc. increased its stake in Six Flags Entertainment by 7.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 546,015 shares of the company’s stock valued at $33,995,000 after buying an additional 39,892 shares during the period. Private Advisor Group LLC increased its stake in Six Flags Entertainment by 16.6% in the 1st quarter. Private Advisor Group LLC now owns 15,766 shares of the company’s stock valued at $982,000 after buying an additional 2,250 shares during the period. Finally, KBC Group NV increased its stake in Six Flags Entertainment by 88.4% in the 1st quarter. KBC Group NV now owns 94,220 shares of the company’s stock valued at $5,866,000 after buying an additional 44,220 shares during the period. Institutional investors and hedge funds own 94.58% of the company’s stock.

In related news, Director Richard Roedel purchased 3,974 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was acquired at an average price of $62.85 per share, with a total value of $249,765.90. Following the completion of the transaction, the director now owns 14,293 shares of the company’s stock, valued at $898,315.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $65.21, for a total value 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.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wells Fargo & Co cut shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. KeyCorp upped their price target on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Wedbush lowered shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $70.00 in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $73.00.

Shares of SIX stock traded up $0.76 during trading hours on Friday, hitting $66.19. 899,271 shares of the company were exchanged, compared to its average volume of 1,033,340. The firm has a market cap of $5.87 billion, a P/E ratio of 31.08 and a beta of 1.00. Six Flags Entertainment Corp has a 1 year low of $58.76 and a 1 year high of $73.38. The company has a debt-to-equity ratio of -3.10, a current ratio of 0.55 and a quick ratio of 0.48.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, July 25th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.05). The business had revenue of $445.40 million for the quarter, compared to analyst estimates of $438.80 million. Six Flags Entertainment had a negative return on equity of 33.82% and a net margin of 20.65%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Analysts expect that Six Flags Entertainment Corp will post 2.75 earnings per share for the current fiscal year.

Six Flags Entertainment Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

Read More: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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