Dimensional Fund Advisors LP Grows Stake in Six Flags Entertainment Co. (NYSE:SIX)

Dimensional Fund Advisors LP grew its holdings in Six Flags Entertainment Co. (NYSE:SIXFree Report) by 20.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,539,818 shares of the company’s stock after acquiring an additional 260,154 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Six Flags Entertainment were worth $38,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. National Bank of Canada FI grew its stake in Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $48,000. AXQ Capital LP purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $216,000. III Capital Management purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $335,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Six Flags Entertainment by 27.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,987 shares of the company’s stock valued at $401,000 after purchasing an additional 3,395 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

SIX has been the topic of several analyst reports. Citigroup lifted 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. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and raised their price target for the company from $30.00 to $31.00 in a report on Thursday, April 18th. StockNews.com began coverage on Six Flags Entertainment in a report on Friday. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut Six Flags Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $29.00 to $27.00 in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.00.

Check Out Our Latest Stock Report on Six Flags Entertainment

Six Flags Entertainment Trading Up 1.0 %

Six Flags Entertainment stock opened at $25.39 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 79.34 and a beta of 2.20. The stock has a fifty day moving average price of $25.17 and a 200 day moving average price of $24.97. Six Flags Entertainment Co. has a 52 week low of $18.29 and a 52 week high of $28.99.

Six Flags Entertainment (NYSE:SIXGet Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.09 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 analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 1.84% and a negative return on equity of 6.61%. As a group, equities analysts predict that Six Flags Entertainment Co. will post 1.54 EPS for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, CAO Derek Sample sold 2,300 shares of the company’s 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 sale, the chief accounting officer now directly owns 12,805 shares in the company, valued at $338,564.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

About Six Flags Entertainment

(Free Report)

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.

See Also

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

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