Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 19.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,684 shares of the company’s stock after acquiring an additional 749 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Six Flags Entertainment were worth $233,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Six Flags Entertainment by 39.8% during the second quarter. State of Alaska Department of Revenue now owns 11,767 shares of the company’s stock valued at $584,000 after purchasing an additional 3,351 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $1,943,000. BlackRock Inc. grew its holdings in shares of Six Flags Entertainment by 1.7% in the first quarter. BlackRock Inc. now owns 6,522,365 shares of the company’s stock valued at $321,881,000 after purchasing an additional 111,432 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Six Flags Entertainment by 24.1% in the first quarter. Janney Montgomery Scott LLC now owns 36,461 shares of the company’s stock valued at $1,799,000 after purchasing an additional 7,074 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $1,469,000. Institutional investors own 83.26% of the company’s stock.
NYSE SIX traded up $0.23 on Tuesday, hitting $57.44. 36,897 shares of the stock were exchanged, compared to its average volume of 1,311,804. Six Flags Entertainment Corp has a fifty-two week low of $46.68 and a fifty-two week high of $72.39. The company has a market cap of $4.80 billion, a PE ratio of 17.78, a PEG ratio of 3.00 and a beta of 1.04. The company has a 50-day moving average price of $53.24 and a 200-day moving average price of $52.93.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The company had revenue of $477.20 million during the quarter, compared to analysts’ expectations of $468.44 million. During the same quarter in the previous year, the business posted $0.88 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Analysts forecast that Six Flags Entertainment Corp will post 2.83 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Jefferies Financial Group assumed coverage on shares of Six Flags Entertainment in a report on Monday, April 22nd. They issued a “hold” rating and a $56.00 price objective for the company. Wedbush upgraded shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $51.00 to $62.00 in a report on Wednesday, June 19th. Finally, Wells Fargo & Co upgraded shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $52.00 to $56.00 in a report on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Six Flags Entertainment presently has an average rating of “Buy” and an average target price of $61.40.
Six Flags Entertainment Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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