US Bancorp DE Cuts Position in Six Flags Entertainment Corporation New (SIX)

US Bancorp DE cut its position in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,593 shares of the company’s stock after selling 3,789 shares during the period. US Bancorp DE’s holdings in Six Flags Entertainment Corporation New were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SIX. BlackRock Inc. raised its stake in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after buying an additional 3,283,136 shares during the period. CI Investments Inc. raised its stake in shares of Six Flags Entertainment Corporation New by 51.7% in the first quarter. CI Investments Inc. now owns 2,610,075 shares of the company’s stock worth $155,273,000 after buying an additional 889,300 shares during the period. Renaissance Technologies LLC raised its stake in shares of Six Flags Entertainment Corporation New by 7,777.6% in the first quarter. Renaissance Technologies LLC now owns 772,000 shares of the company’s stock worth $45,926,000 after buying an additional 762,200 shares during the period. William Blair Investment Management LLC raised its stake in shares of Six Flags Entertainment Corporation New by 9.4% in the first quarter. William Blair Investment Management LLC now owns 5,271,644 shares of the company’s stock worth $313,610,000 after buying an additional 452,974 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Six Flags Entertainment Corporation New by 72.5% in the first quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock worth $58,337,000 after buying an additional 412,040 shares during the period. Institutional investors own 94.18% of the company’s stock.

Six Flags Entertainment Corporation New (SIX) traded down 0.62% during trading on Thursday, hitting $54.26. The stock had a trading volume of 280,224 shares. The company has a 50-day moving average of $57.90 and a 200 day moving average of $59.60. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 50.43 and a beta of 1.13.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company had revenue of $422.37 million during the quarter, compared to the consensus estimate of $438.04 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 EPS for the current year.

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A number of analysts have recently weighed in on SIX shares. Janney Montgomery Scott restated a “buy” rating and issued a $67.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Thursday, April 13th. Hilliard Lyons lowered Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $69.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Monday, May 1st. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wedbush lowered their target price on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.55.

In other news, VP Lance C. Balk sold 48,998 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.90% of the company’s stock.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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

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