Redmond Asset Management LLC acquired a new position in shares of Six Flags Entertainment Corp (NYSE:SIX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,614 shares of the company’s stock, valued at approximately $378,000.
Other large investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in Six Flags Entertainment during the 2nd quarter worth $4,592,000. Wedbush Securities Inc. grew its stake in Six Flags Entertainment by 52.8% during the 2nd quarter. Wedbush Securities Inc. now owns 8,273 shares of the company’s stock worth $411,000 after purchasing an additional 2,860 shares in the last quarter. CWM LLC grew its stake in Six Flags Entertainment by 29.7% during the 2nd quarter. CWM LLC now owns 89,850 shares of the company’s stock worth $4,464,000 after purchasing an additional 20,590 shares in the last quarter. Aperio Group LLC grew its stake in Six Flags Entertainment by 17.5% during the 2nd quarter. Aperio Group LLC now owns 18,309 shares of the company’s stock worth $910,000 after purchasing an additional 2,724 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Six Flags Entertainment by 100.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,086 shares of the company’s stock worth $253,000 after purchasing an additional 2,546 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.
SIX has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Six Flags Entertainment in a research note on Monday, April 22nd. They set a “hold” rating and a $56.00 target price for the company. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Wedbush raised Six Flags Entertainment from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $62.00 in a research note on Wednesday, June 19th. Finally, Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $52.00 to $56.00 in a research note on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Six Flags Entertainment presently has a consensus rating of “Buy” and a consensus price target of $61.40.
Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The business had revenue of $477.20 million during the quarter, compared to analysts’ expectations of $468.44 million. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, sell-side analysts predict that Six Flags Entertainment Corp will post 2.83 EPS for the current fiscal year.
About Six Flags Entertainment
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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