North Star Investment Management Corp. raised its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,662 shares of the company’s stock after purchasing an additional 829 shares during the period. North Star Investment Management Corp.’s holdings in Six Flags Entertainment were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Six Flags Entertainment by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after purchasing an additional 225 shares during the period. First Trust Advisors LP bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $205,000. Csenge Advisory Group bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $238,000. Oppenheimer & Co. Inc. bought a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at about $255,000. Finally, BT Investment Management Ltd bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $262,000. Institutional investors own 99.45% of the company’s stock.
SIX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment in a research note on Thursday, October 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.44.
In related news, CEO James Reid-Anderson sold 50,931 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $67.52, for a total transaction of $3,438,861.12. Following the completion of the sale, the chief executive officer now directly owns 3,331,981 shares of the company’s stock, valued at approximately $224,975,357.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 281,139 shares of company stock valued at $18,706,366. 6.90% of the stock is owned by company insiders.
Shares of Six Flags Entertainment Corp (NYSE:SIX) opened at $67.97 on Friday. Six Flags Entertainment Corp has a 52 week low of $51.25 and a 52 week high of $68.07. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The stock has a market capitalization of $5,628.73, a P/E ratio of 32.14, a P/E/G ratio of 3.66 and a beta of 1.17.
Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The business had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the prior year, the business earned $1.09 EPS. Six Flags Entertainment’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts anticipate that Six Flags Entertainment Corp will post 2.13 earnings per share for the current year.
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About Six Flags Entertainment
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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