Retirement Systems of Alabama grew its holdings in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,937 shares of the company’s stock after purchasing an additional 40,504 shares during the quarter. Retirement Systems of Alabama’s holdings in Six Flags Entertainment were worth $12,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $39,000. Spire Wealth Management lifted its stake in shares of Six Flags Entertainment by 464.1% in the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $54,000 after purchasing an additional 1,035 shares during the period. Steph & Co. acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $95,000. Hodges Capital Management Inc. acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $217,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $221,000. 88.55% of the stock is currently owned by institutional investors.
In other Six Flags Entertainment news, CFO Gary Mick bought 1,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were purchased at an average price of $27.01 per share, for a total transaction of $27,010.00. Following the purchase, the chief financial officer now directly owns 26,675 shares of the company’s stock, valued at $720,491.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Rehan Jaffer bought 50,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was acquired at an average price of $29.84 per share, for a total transaction of $1,492,000.00. Following the purchase, the insider now directly owns 9,425,000 shares in the company, valued at $281,242,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 553,325 shares of company stock valued at $16,049,162 over the last three months. Corporate insiders own 0.41% of the company’s stock.
A number of research analysts have recently issued reports on SIX shares. Citigroup dropped their price objective on Six Flags Entertainment from $51.00 to $41.00 in a research note on Friday, May 13th. B. Riley lowered Six Flags Entertainment from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $24.00 in a research report on Tuesday, June 21st. Stifel Nicolaus decreased their target price on Six Flags Entertainment from $52.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Six Flags Entertainment from $57.00 to $56.00 in a research report on Friday, May 13th. Finally, Rosenblatt Securities began coverage on Six Flags Entertainment in a research report on Monday, April 25th. They issued a “buy” rating and a $56.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.30.
Shares of SIX opened at $23.04 on Monday. The stock has a 50 day moving average price of $28.79 and a two-hundred day moving average price of $37.31. The firm has a market capitalization of $1.99 billion, a P/E ratio of 12.59 and a beta of 2.27. Six Flags Entertainment Co. has a 52 week low of $19.91 and a 52 week high of $47.24.
Six Flags Entertainment (NYSE:SIX – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $122.26 million. Six Flags Entertainment had a negative return on equity of 15.34% and a net margin of 10.31%. The company’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.12) EPS. On average, analysts expect that Six Flags Entertainment Co. will post 2.48 earnings per share for the current year.
Six Flags Entertainment Profile (Get Rating)
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.
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