Charles Schwab Investment Management Inc. Sells 39,633 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Charles Schwab Investment Management Inc. trimmed its stake in Six Flags Entertainment Co. (NYSE:SIX) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,168,307 shares of the company’s stock after selling 39,633 shares during the period. Charles Schwab Investment Management Inc. owned about 1.40% of Six Flags Entertainment worth $29,301,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SIX. Victory Capital Management Inc. boosted its stake in Six Flags Entertainment by 26.4% in the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock worth $597,000 after purchasing an additional 5,302 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Six Flags Entertainment during the third quarter valued at $4,188,000. Jump Financial LLC lifted its stake in shares of Six Flags Entertainment by 207.2% during the third quarter. Jump Financial LLC now owns 40,030 shares of the company’s stock valued at $941,000 after acquiring an additional 26,998 shares during the period. Qsemble Capital Management LP acquired a new position in shares of Six Flags Entertainment during the third quarter valued at $802,000. Finally, Swiss National Bank lifted its stake in shares of Six Flags Entertainment by 1.0% during the third quarter. Swiss National Bank now owns 155,600 shares of the company’s stock valued at $3,658,000 after acquiring an additional 1,500 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Derek Sample sold 2,300 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,805 shares in the company, valued at $338,564.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock opened at $26.41 on Thursday. Six Flags Entertainment Co. has a 1 year low of $18.29 and a 1 year high of $28.99. The business has a 50-day moving average of $25.15 and a two-hundred day moving average of $24.88. The company has a market capitalization of $2.23 billion, a P/E ratio of 82.53 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). The business had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. On average, equities analysts anticipate that Six Flags Entertainment Co. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SIX. StockNews.com began coverage on Six Flags Entertainment in a research note on Thursday. They set a “hold” rating on the stock. Citigroup increased their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their target price for the company from $29.00 to $27.00 in a research note on Wednesday, May 15th. Finally, 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 research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Six Flags Entertainment Profile

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.