Envestnet Asset Management Inc. Acquires 13,921 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Envestnet Asset Management Inc. lifted its holdings in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 51.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,881 shares of the company’s stock after acquiring an additional 13,921 shares during the period. Envestnet Asset Management Inc.’s holdings in Six Flags Entertainment were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Six Flags Entertainment by 45.7% in 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% in the 1st quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock valued at $354,841,000 after buying an additional 483,965 shares during the period. Long Pond Capital LP grew its stake in shares of Six Flags Entertainment by 503.5% in the 3rd quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock valued at $83,488,000 after buying an additional 3,935,291 shares during the period. Thunderbird Partners LLP grew its stake in shares of Six Flags Entertainment by 12.2% in the 3rd quarter. Thunderbird Partners LLP now owns 3,552,544 shares of the company’s stock valued at $62,880,000 after buying an additional 387,103 shares during the period. Finally, HG Vora Capital Management LLC acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $61,950,000. 92.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Six Flags Entertainment news, CFO Gary Mick acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $26.62 per share, for a total transaction of $133,100.00. Following the completion of the transaction, the chief financial officer now owns 82,237 shares of the company’s stock, valued at approximately $2,189,148.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on SIX. TheStreet downgraded Six Flags Entertainment from a “c” rating to a “d+” rating in a research note on Thursday, March 2nd. StockNews.com assumed coverage on Six Flags Entertainment in a report on Thursday, May 18th. They set a “hold” rating for the company. Morgan Stanley assumed coverage on Six Flags Entertainment in a report on Thursday, April 20th. They set an “equal weight” rating and a $29.00 price objective for the company. Truist Financial boosted their price objective on Six Flags Entertainment from $24.00 to $25.00 in a report on Tuesday, May 9th. Finally, Citigroup boosted their price objective on Six Flags Entertainment from $26.00 to $29.00 in a report on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and an average price target of $31.25.

Six Flags Entertainment Price Performance

NYSE:SIX opened at $25.00 on Friday. Six Flags Entertainment Co. has a 1 year low of $16.83 and a 1 year high of $31.29. The company has a market cap of $2.08 billion, a P/E ratio of 20.16 and a beta of 2.19. The stock’s fifty day moving average price is $25.13 and its two-hundred day moving average price is $25.07.

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

About Six Flags Entertainment

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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.