Six Flags Entertainment Co. (NYSE:SIX) Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its position in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 24.2% in the 4th quarter, HoldingsChannel reports. The firm owned 89,736 shares of the company’s stock after purchasing an additional 17,474 shares during the period. Citigroup Inc.’s holdings in Six Flags Entertainment were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in Six Flags Entertainment by 79.3% in the 1st quarter. Raymond James & Associates now owns 41,820 shares of the company’s stock valued at $1,819,000 after buying an additional 18,491 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Six Flags Entertainment during the 1st quarter worth approximately $771,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Six Flags Entertainment during the 1st quarter worth approximately $109,000. MetLife Investment Management LLC raised its position in shares of Six Flags Entertainment by 37.0% in the 1st quarter. MetLife Investment Management LLC now owns 51,361 shares of the company’s stock valued at $2,234,000 after purchasing an additional 13,860 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Six Flags Entertainment by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company’s stock valued at $1,234,000 after purchasing an additional 2,704 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TheStreet lowered Six Flags Entertainment from a “c” rating to a “d+” rating in a research report on Thursday, March 2nd. StockNews.com assumed coverage on Six Flags Entertainment in a research note on Thursday, May 18th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Six Flags Entertainment from $36.00 to $38.00 in a research note on Tuesday, May 9th. Truist Financial increased their price target on Six Flags Entertainment from $24.00 to $25.00 in a research note on Tuesday, May 9th. Finally, Rosenblatt Securities increased their price target on Six Flags Entertainment from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.83.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $25.41 on Thursday. The stock has a 50-day simple moving average of $25.15 and a 200-day simple moving average of $25.08. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $31.29. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.49 and a beta of 2.19.

Six Flags Entertainment (NYSE:SIX – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.84) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.01. The company had revenue of $142.20 million for 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%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.76) EPS. As a group, equities research analysts predict that Six Flags Entertainment Co. will post 2.16 earnings per share for the current year.

Insider Activity

In other news, CFO Gary Mick bought 5,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average price of $26.62 per share, with a total value of $133,100.00. Following the acquisition, the chief financial officer now owns 82,237 shares in the company, valued at $2,189,148.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Six Flags Entertainment Company 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.