Six Flags Entertainment Corp (SIX) Shares Sold by State Treasurer State of Michigan

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State Treasurer State of Michigan decreased its stake in Six Flags Entertainment Corp (NYSE:SIX) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,400 shares of the company’s stock after selling 2,200 shares during the period. State Treasurer State of Michigan’s holdings in Six Flags Entertainment were worth $1,843,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. W.E. Donoghue & Co. LLC boosted its stake in Six Flags Entertainment by 113.6% during the 3rd quarter. W.E. Donoghue & Co. LLC now owns 14,618 shares of the company’s stock worth $1,021,000 after purchasing an additional 7,773 shares during the period. Rice Hall James & Associates LLC boosted its stake in Six Flags Entertainment by 69.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 209,647 shares of the company’s stock worth $14,638,000 after purchasing an additional 85,658 shares during the period. Alps Advisors Inc. acquired a new stake in Six Flags Entertainment during the 3rd quarter worth $876,000. Ferguson Wellman Capital Management Inc. boosted its stake in Six Flags Entertainment by 2.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 383,560 shares of the company’s stock worth $26,780,000 after purchasing an additional 8,965 shares during the period. Finally, First Trust Advisors LP boosted its stake in Six Flags Entertainment by 441.3% during the 3rd quarter. First Trust Advisors LP now owns 83,644 shares of the company’s stock worth $5,840,000 after purchasing an additional 68,191 shares during the period. Institutional investors and hedge funds own 94.58% of the company’s stock.

In other news, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total value of $29,279.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine Aslin sold 2,425 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $66.85, for a total transaction of $162,111.25. The disclosure for this sale can be found here. Insiders sold a total of 2,934 shares of company stock valued at $195,337 in the last 90 days. Company insiders own 6.90% of the company’s stock.

A number of analysts recently weighed in on the stock. Wells Fargo & Co cut shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. Wedbush cut shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $70.00 in a research note on Friday, July 20th. Zacks Investment Research cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. KeyCorp increased their price target on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Oppenheimer set a $80.00 price target on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.63.

SIX stock opened at $53.86 on Thursday. Six Flags Entertainment Corp has a one year low of $51.91 and a one year high of $73.38. The firm has a market capitalization of $4.52 billion, a PE ratio of 21.86 and a beta of 1.00.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. The firm had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million. Equities research analysts expect that Six Flags Entertainment Corp will post 2.64 earnings per share for the current fiscal year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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