Emerald Advisers LLC bought a new stake in Six Flags Entertainment Corp (NYSE:SIX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 14,154 shares of the company’s stock, valued at approximately $787,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIX. Mascoma Wealth Management LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at approximately $28,000. First Hawaiian Bank purchased a new position in Six Flags Entertainment during the third quarter valued at $197,000. Laurion Capital Management LP purchased a new position in Six Flags Entertainment during the third quarter valued at $202,000. Virtu Financial LLC purchased a new position in Six Flags Entertainment during the fourth quarter valued at $207,000. Finally, Pendal Group Ltd raised its stake in Six Flags Entertainment by 15.1% during the fourth quarter. Pendal Group Ltd now owns 3,829 shares of the company’s stock valued at $213,000 after buying an additional 501 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.
In other news, VP Brett Petit sold 27,750 shares of the business’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total value of $1,748,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by insiders.
Shares of NYSE:SIX opened at $62.54 on Friday. Six Flags Entertainment Corp has a 12-month low of $49.79 and a 12-month high of $73.38. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 29.36 and a beta of 1.26.
A number of brokerages have issued reports on SIX. Zacks Investment Research cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Oppenheimer lowered their price objective on Six Flags Entertainment from $80.00 to $68.00 in a research note on Thursday, January 17th. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Berenberg Bank began coverage on Six Flags Entertainment in a research note on Wednesday, December 12th. They set a “buy” rating and a $70.00 price objective for the company. Finally, ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $67.44.
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Six Flags Entertainment 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.
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