GW&K Investment Management LLC grew its holdings in shares of Six Flags Entertainment Corp (NYSE:SIX) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 733,139 shares of the company’s stock after acquiring an additional 70,013 shares during the quarter. GW&K Investment Management LLC owned 0.87% of Six Flags Entertainment worth $37,236,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Whitener Capital Management Inc. purchased a new position in shares of Six Flags Entertainment during the second quarter worth approximately $44,000. Girard Partners LTD. bought a new position in shares of Six Flags Entertainment in the third quarter worth approximately $86,000. AdvisorNet Financial Inc bought a new position in shares of Six Flags Entertainment in the third quarter worth approximately $119,000. Victory Capital Management Inc. grew its holdings in shares of Six Flags Entertainment by 8.0% in the second quarter. Victory Capital Management Inc. now owns 3,115 shares of the company’s stock worth $155,000 after purchasing an additional 232 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Six Flags Entertainment in the second quarter worth approximately $178,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.
SIX has been the topic of several recent analyst reports. SunTrust Banks cut their target price on shares of Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. They noted that the move was a valuation call. ValuEngine cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Wedbush cut their target price on shares of Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. KeyCorp restated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Six Flags Entertainment in a report on Friday, October 25th. They noted that the move was a valuation call. Finally, B. Riley cut their target price on shares of Six Flags Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $60.00.
NYSE:SIX traded down $0.02 during trading hours on Friday, hitting $43.77. The company had a trading volume of 971,182 shares, compared to its average volume of 1,309,815. The company has a market capitalization of $3.66 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.45 and a beta of 0.92. The stock has a 50-day moving average price of $48.00 and a 200 day moving average price of $52.07. Six Flags Entertainment Corp has a 52 week low of $40.72 and a 52 week high of $64.28.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.19). The company had revenue of $621.18 million during the quarter, compared to the consensus estimate of $643.90 million. Six Flags Entertainment had a net margin of 18.02% and a negative return on equity of 38.61%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 EPS. On average, sell-side analysts forecast that Six Flags Entertainment Corp will post 2.68 EPS for the current fiscal year.
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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