Commonwealth Equity Services LLC Has $856,000 Stock Position in Six Flags Entertainment Co. (NYSE:SIX)

Commonwealth Equity Services LLC reduced its stake in shares of Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,830 shares of the company’s stock after selling 4,040 shares during the period. Commonwealth Equity Services LLC’s holdings in Six Flags Entertainment were worth $856,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Six Flags Entertainment by 45.7% during the 3rd quarter. BlackRock Inc. now owns 9,918,652 shares of the company’s stock worth $175,559,000 after acquiring an additional 3,108,978 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Six Flags Entertainment by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after acquiring an additional 483,965 shares in the last quarter. Long Pond Capital LP grew its stake in shares of Six Flags Entertainment by 503.5% during the 3rd quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock worth $83,488,000 after acquiring an additional 3,935,291 shares in the last quarter. Thunderbird Partners LLP grew its stake in shares of Six Flags Entertainment by 12.2% during the 3rd quarter. Thunderbird Partners LLP now owns 3,552,544 shares of the company’s stock worth $62,880,000 after acquiring an additional 387,103 shares in the last quarter. Finally, HG Vora Capital Management LLC bought a new position in shares of Six Flags Entertainment during the 3rd quarter worth approximately $61,950,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Six Flags Entertainment

In related news, CFO Gary Mick purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average price of $26.62 per share, with a total value of $133,100.00. Following the completion of the purchase, the chief financial officer now directly owns 82,237 shares in the company, valued at $2,189,148.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Six Flags Entertainment Stock Performance

SIX opened at $25.75 on Wednesday. The company has a market capitalization of $2.14 billion, a P/E ratio of 20.77 and a beta of 2.19. The stock has a fifty day moving average of $25.14 and a 200-day moving average of $25.07. Six Flags Entertainment Co. has a fifty-two week low of $16.83 and a fifty-two week high of $31.29.

Six Flags Entertainment (NYSE:SIX – Get Rating) last posted its quarterly earnings results on Monday, May 8th. The company reported ($0.84) EPS for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.01. The business had revenue of $142.20 million during the quarter, compared to the consensus estimate of $133.49 million. Six Flags Entertainment had a negative return on equity of 13.15% and a net margin of 7.69%. Six Flags Entertainment’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.76) earnings per share. On average, equities research analysts predict that Six Flags Entertainment Co. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research note on Thursday, May 18th. They set a “hold” rating for the company. Rosenblatt Securities raised their target price on shares of Six Flags Entertainment from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 22nd. Truist Financial raised their target price on shares of Six Flags Entertainment from $24.00 to $25.00 in a research note on Tuesday, May 9th. Citigroup raised their price target on Six Flags Entertainment from $26.00 to $29.00 in a report on Tuesday, May 9th. Finally, Morgan Stanley started coverage on Six Flags Entertainment in a report on Thursday, April 20th. They set an “equal weight” rating and a $29.00 price target for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.83.

Six Flags Entertainment Profile

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Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr.