Keybank National Association OH Trims Stake in Six Flags Entertainment Corp (NYSE:SIX)

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Keybank National Association OH trimmed its stake in Six Flags Entertainment Corp (NYSE:SIX) by 28.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,432 shares of the company’s stock after selling 3,767 shares during the period. Keybank National Association OH’s holdings in Six Flags Entertainment were worth $469,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Six Flags Entertainment by 1.7% in the 1st quarter. BlackRock Inc. now owns 6,522,365 shares of the company’s stock worth $321,881,000 after buying an additional 111,432 shares in the last quarter. Janus Henderson Group PLC increased its stake in Six Flags Entertainment by 0.8% in the 1st quarter. Janus Henderson Group PLC now owns 4,565,393 shares of the company’s stock worth $225,302,000 after buying an additional 36,096 shares in the last quarter. Bessemer Group Inc. increased its stake in Six Flags Entertainment by 0.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,446,085 shares of the company’s stock worth $71,843,000 after buying an additional 5,343 shares in the last quarter. Geode Capital Management LLC increased its stake in Six Flags Entertainment by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 736,313 shares of the company’s stock worth $41,083,000 after buying an additional 64,396 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Six Flags Entertainment by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 499,387 shares of the company’s stock worth $27,779,000 after buying an additional 10,856 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Shares of Six Flags Entertainment stock opened at $57.77 on Wednesday. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 3.00 and a beta of 1.04. The business has a 50-day moving average price of $53.36 and a 200-day moving average price of $52.91. Six Flags Entertainment Corp has a twelve month low of $46.68 and a twelve month high of $72.39.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The firm had revenue of $477.20 million during the quarter, compared to analyst estimates of $468.44 million. During the same quarter last year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Six Flags Entertainment Corp will post 2.83 earnings per share for the current fiscal year.

A number of brokerages have issued reports on SIX. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Wedbush upgraded Six Flags Entertainment from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $62.00 in a research note on Wednesday, June 19th. Finally, Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $52.00 to $56.00 in a research note on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $61.40.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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