Louisiana State Employees Retirement System Invests $900,000 in Six Flags Entertainment Co. (NYSE:SIX)

Louisiana State Employees Retirement System purchased a new position in Six Flags Entertainment Co. (NYSE:SIX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,900 shares of the company’s stock, valued at approximately $900,000.

Several other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC lifted its position in shares of Six Flags Entertainment by 5.9% in the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock worth $403,000 after purchasing an additional 895 shares during the period. International Assets Investment Management LLC lifted its position in Six Flags Entertainment by 2,329.4% during the fourth quarter. International Assets Investment Management LLC now owns 27,914 shares of the company’s stock valued at $700,000 after acquiring an additional 26,765 shares during the last quarter. Raymond James & Associates lifted its position in Six Flags Entertainment by 3.2% during the fourth quarter. Raymond James & Associates now owns 25,627 shares of the company’s stock valued at $643,000 after acquiring an additional 793 shares during the last quarter. SG Americas Securities LLC lifted its position in Six Flags Entertainment by 13.7% during the fourth quarter. SG Americas Securities LLC now owns 26,543 shares of the company’s stock valued at $666,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in Six Flags Entertainment by 51.1% during the third quarter. Hudson Bay Capital Management LP now owns 208,420 shares of the company’s stock valued at $4,900,000 after acquiring an additional 70,502 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $23.48 on Friday. The firm has a fifty day moving average price of $25.15 and a 200 day moving average price of $24.23. Six Flags Entertainment Co. has a 1 year low of $18.29 and a 1 year high of $28.99. The stock has a market cap of $1.98 billion, a PE ratio of 51.04 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) 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 business had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. As a group, equities analysts expect that Six Flags Entertainment Co. will post 1.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SIX shares. Truist Financial increased their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Sunday, April 21st. They issued a “hold” rating for the company. Finally, Citigroup raised their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.31.

Six Flags Entertainment Company Profile

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.