Allspring Global Investments Holdings LLC trimmed its position in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,174 shares of the company’s stock after selling 7,933 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Six Flags Entertainment were worth $179,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Penn Capital Management Company LLC lifted its holdings in shares of Six Flags Entertainment by 0.7% in the first quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock worth $2,645,000 after buying an additional 425 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Six Flags Entertainment by 34.0% in the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock worth $37,000 after buying an additional 428 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Six Flags Entertainment by 2.7% in the second quarter. Victory Capital Management Inc. now owns 18,358 shares of the company’s stock worth $398,000 after purchasing an additional 488 shares during the last quarter. LPL Financial LLC increased its position in shares of Six Flags Entertainment by 1.8% in the second quarter. LPL Financial LLC now owns 41,435 shares of the company’s stock worth $899,000 after purchasing an additional 722 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its position in shares of Six Flags Entertainment by 2.2% in the third quarter. Cox Capital Mgt LLC now owns 41,422 shares of the company’s stock worth $733,000 after purchasing an additional 883 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.
Six Flags Entertainment Stock Performance
Shares of Six Flags Entertainment stock opened at $27.15 on Friday. The company’s 50 day moving average price is $23.74 and its 200-day moving average price is $22.54. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $47.24. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 23.82 and a beta of 2.14.
Six Flags Entertainment (NYSE:SIX – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.26). Six Flags Entertainment had a negative return on equity of 10.56% and a net margin of 6.71%. The business had revenue of $504.83 million during the quarter, compared to analysts’ expectations of $565.40 million. As a group, equities research analysts forecast that Six Flags Entertainment Co. will post 1.51 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, January 9th. Oppenheimer reduced their price target on shares of Six Flags Entertainment to $27.00 in a research report on Tuesday, November 15th. Jefferies Financial Group cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $24.00 in a research report on Tuesday, November 8th. Rosenblatt Securities increased their price target on shares of Six Flags Entertainment from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, January 10th. Finally, Truist Financial reduced their price target on shares of Six Flags Entertainment from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, October 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.27.
Insider Buying and Selling
In other Six Flags Entertainment news, Director Arik W. Ruchim purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average price of $23.62 per share, with a total value of $3,543,000.00. Following the completion of the purchase, the director now directly owns 11,250,000 shares of the company’s stock, valued at approximately $265,725,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Arik W. Ruchim acquired 400,000 shares of the stock in a transaction on Friday, November 11th. The stock was acquired at an average price of $23.75 per share, with a total value of $9,500,000.00. Following the completion of the transaction, the director now owns 11,100,000 shares of the company’s stock, valued at approximately $263,625,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arik W. Ruchim acquired 150,000 shares of the stock in a transaction on Monday, November 14th. The shares were purchased at an average cost of $23.62 per share, with a total value of $3,543,000.00. Following the transaction, the director now directly owns 11,250,000 shares of the company’s stock, valued at approximately $265,725,000. The disclosure for this purchase can be found here. Insiders acquired 708,750 shares of company stock valued at $16,551,675 over the last quarter. 0.41% of the stock is owned by company insiders.
Six Flags Entertainment Profile
Six Flags Entertainment Corp. operates theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.
Further Reading
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