US Bancorp DE Sells 890 Shares of Six Flags Entertainment Co. (NYSE:SIX)

US Bancorp DE reduced its position in shares of Six Flags Entertainment Co. (NYSE:SIXFree Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,120 shares of the company’s stock after selling 890 shares during the quarter. US Bancorp DE’s holdings in Six Flags Entertainment were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in shares of Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $48,000. Quest Partners LLC bought a new stake in shares of Six Flags Entertainment in the 4th quarter valued at about $135,000. AXQ Capital LP bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $216,000. Finally, III Capital Management bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $335,000. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SIX shares. StockNews.com started coverage on Six Flags Entertainment in a research note on Friday, May 31st. They issued a “hold” rating for the company. Citigroup upped their price target 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 decreased their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, May 15th. Finally, B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Check Out Our Latest Analysis on Six Flags Entertainment

Six Flags Entertainment Stock Down 2.6 %

NYSE:SIX opened at $25.81 on Friday. Six Flags Entertainment Co. has a twelve month low of $18.29 and a twelve month high of $28.99. The business has a 50 day moving average price of $25.19 and a two-hundred day moving average price of $25.05. The company has a market cap of $2.18 billion, a P/E ratio of 80.66 and a beta of 2.25.

Six Flags Entertainment (NYSE:SIXGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The firm had revenue of $133.29 million during the quarter, compared to the consensus estimate of $135.23 million. As a group, analysts anticipate that Six Flags Entertainment Co. will post 1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Derek Sample sold 2,300 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total value of $60,812.00. Following the completion of the sale, the chief accounting officer now owns 12,805 shares of the company’s stock, valued at approximately $338,564.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Six Flags Entertainment Profile

(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.

Read More

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

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