Assenagon Asset Management S.A. trimmed its holdings in shares of Six Flags Entertainment Co. (NYSE:SIX - Free Report) by 49.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,641 shares of the company's stock after selling 87,488 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Six Flags Entertainment worth $2,273,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in SIX. Penn Capital Management Company LLC lifted its position in shares of Six Flags Entertainment by 0.7% during the 1st quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company's stock valued at $2,645,000 after acquiring an additional 425 shares during the period. Captrust Financial Advisors increased its stake in Six Flags Entertainment by 34.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company's stock valued at $37,000 after purchasing an additional 428 shares in the last quarter. Cerity Partners LLC increased its stake in Six Flags Entertainment by 3.0% during the 2nd quarter. Cerity Partners LLC now owns 15,954 shares of the company's stock valued at $414,000 after purchasing an additional 468 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Six Flags Entertainment by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company's stock worth $33,000 after acquiring an additional 559 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Six Flags Entertainment by 1.8% in the 2nd quarter. LPL Financial LLC now owns 41,435 shares of the company's stock worth $899,000 after acquiring an additional 722 shares in the last quarter. 98.04% of the stock is owned by institutional investors.
Six Flags Entertainment Stock Down 0.6 %
Shares of Six Flags Entertainment stock traded down $0.14 on Thursday, hitting $25.09. The stock had a trading volume of 424,279 shares, compared to its average volume of 877,672. Six Flags Entertainment Co. has a one year low of $18.29 and a one year high of $28.99. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 54.54 and a beta of 2.20. The stock's 50-day simple moving average is $25.46 and its two-hundred day simple moving average is $24.11.
Six Flags Entertainment (NYSE:SIX - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The firm had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. As a group, equities analysts predict that Six Flags Entertainment Co. will post 1.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on SIX shares. Citigroup increased their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Morgan Stanley upgraded shares of Six Flags Entertainment from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $29.00 to $32.00 in a research report on Thursday, December 14th. B. Riley downgraded shares of Six Flags Entertainment from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Monday, February 5th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Thursday, March 28th. They set a "hold" rating on the stock. Finally, Truist Financial upped their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a "hold" rating in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.23.
Get Our Latest Report on SIX
Six Flags Entertainment Profile
(Free Report)
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 sells food, beverages, merchandise, and other products and services within its parks.
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