Raymond James & Associates Purchases 793 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Raymond James & Associates increased its position in Six Flags Entertainment Co. (NYSE:SIX) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,627 shares of the company’s stock after buying an additional 793 shares during the quarter. Raymond James & Associates’ holdings in Six Flags Entertainment were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SIX. SG Americas Securities LLC bought a new stake in Six Flags Entertainment in the third quarter valued at approximately $549,000. New York State Teachers Retirement System raised its holdings in shares of Six Flags Entertainment by 1.0% during the third quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock valued at $1,918,000 after acquiring an additional 782 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Six Flags Entertainment by 26.4% during the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock valued at $597,000 after acquiring an additional 5,302 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Six Flags Entertainment during the third quarter valued at approximately $4,188,000. Finally, Jump Financial LLC raised its holdings in shares of Six Flags Entertainment by 207.2% during the third quarter. Jump Financial LLC now owns 40,030 shares of the company’s stock valued at $941,000 after acquiring an additional 26,998 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Stock Performance

SIX stock opened at $23.82 on Thursday. The business’s 50-day moving average is $25.17 and its two-hundred day moving average is $24.23. Six Flags Entertainment Co. has a fifty-two week low of $18.29 and a fifty-two week high of $28.99. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 51.78 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 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 company had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Equities analysts predict that Six Flags Entertainment Co. will post 1.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on SIX. Citigroup upped their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 1st. StockNews.com initiated coverage on Six Flags Entertainment in a research note on Sunday. They issued a “hold” rating on the stock. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, Truist Financial upped their price target on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.31.

About Six Flags Entertainment

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.