Six Flags Entertainment Co. (NYSE:SIX) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in Six Flags Entertainment Co. (NYSE:SIX) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 205,481 shares of the company’s stock after selling 12,692 shares during the quarter. Fisher Asset Management LLC’s holdings in Six Flags Entertainment were worth $5,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIX. New York Life Investment Management LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at about $8,482,000. Victory Capital Management Inc. raised its stake in shares of Six Flags Entertainment by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,788 shares of the company’s stock worth $672,000 after buying an additional 1,400 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Six Flags Entertainment by 204,950.0% during the 4th quarter. Russell Investments Group Ltd. now owns 53,313 shares of the company’s stock valued at $1,337,000 after buying an additional 53,287 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Six Flags Entertainment by 9.2% during the 4th quarter. Yousif Capital Management LLC now owns 38,842 shares of the company’s stock valued at $974,000 after buying an additional 3,263 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Six Flags Entertainment by 27.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,987 shares of the company’s stock valued at $401,000 after acquiring an additional 3,395 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of Six Flags Entertainment stock opened at $25.10 on Wednesday. The business’s 50 day moving average price is $25.04 and its 200 day moving average price is $24.43. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 54.57 and a beta of 2.20. Six Flags Entertainment Co. has a one year low of $18.29 and a one year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $298.42 million. On average, analysts predict that Six Flags Entertainment Co. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SIX. Truist Financial increased their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Citigroup raised their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 1st. B. Riley raised 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 report on Thursday, April 18th. Finally, StockNews.com assumed coverage on Six Flags Entertainment in a research note on Tuesday. They issued a “hold” rating on the stock. 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’s stock. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of “Hold” and an average target price 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.