Six Flags (NYSE:SIX) Position Reduced by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in Six Flags (NYSE:SIX) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,040,761 shares of the company’s stock after selling 492,605 shares during the quarter. Goldman Sachs Group Inc. owned 1.24% of Six Flags worth $69,283,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in Six Flags by 251.0% during the 4th quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock worth $103,000 after buying an additional 1,107 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Six Flags by 1,477.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after purchasing an additional 1,995 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Six Flags in the fourth quarter valued at approximately $151,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Six Flags by 171.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock valued at $193,000 after purchasing an additional 1,830 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Six Flags in the third quarter valued at approximately $205,000. Institutional investors own 97.39% of the company’s stock.

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Shares of NYSE SIX traded down $0.71 during mid-day trading on Friday, hitting $62.16. The company had a trading volume of 1,322,176 shares, compared to its average volume of 915,237. The stock has a market cap of $5,255.75, a P/E ratio of 29.18 and a beta of 1.13. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of -4.00. Six Flags has a 1-year low of $51.25 and a 1-year high of $70.44.

Six Flags (NYSE:SIX) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Six Flags had a negative return on equity of 41.55% and a net margin of 20.15%. The business had revenue of $256.76 million for the quarter, compared to analysts’ expectations of $252.75 million. During the same period last year, the firm earned $0.02 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts forecast that Six Flags will post 2.69 EPS for the current fiscal year.

In other Six Flags news, CFO Marshall Barber sold 597 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the transaction, the chief financial officer now owns 80,536 shares of the company’s stock, valued at $5,361,281.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance C. Balk sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the transaction, the vice president now directly owns 15,738 shares in the company, valued at approximately $1,033,514.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,701 shares of company stock worth $6,613,596. 6.90% of the stock is owned by insiders.

A number of research firms have recently issued reports on SIX. Zacks Investment Research lowered Six Flags from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wedbush set a $76.00 price objective on Six Flags and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 price objective (up from $72.00) on shares of Six Flags in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.80.

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Six Flags Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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