Renaissance Technologies LLC Increases Position in Six Flags Entertainment Co. (NYSE:SIX)

Posted by Defense World Staff on Mar 7th, 2023

Renaissance Technologies LLC increased its holdings in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 521.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 524,200 shares of the company’s stock after acquiring an additional 439,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.63% of Six Flags Entertainment worth $9,278,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its stake in shares of Six Flags Entertainment by 65.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 43,800 shares of the company’s stock valued at $775,000 after buying an additional 17,256 shares during the last quarter. Long Pond Capital LP grew its holdings in Six Flags Entertainment by 503.5% during the 3rd quarter. Long Pond Capital LP now owns 4,716,813 shares of the company’s stock worth $83,488,000 after acquiring an additional 3,935,291 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Six Flags Entertainment during the 3rd quarter worth $277,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $298,000. Finally, HG Vora Capital Management LLC acquired a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $61,950,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insiders Place Their Bets

In other Six Flags Entertainment news, CFO Gary Mick purchased 2,250 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were bought at an average price of $21.94 per share, with a total value of $49,365.00. Following the completion of the acquisition, the chief financial officer now owns 54,425 shares in the company, valued at approximately $1,194,084.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Six Flags Entertainment Stock Down 2.0 %

SIX stock opened at $29.80 on Tuesday. The stock has a market cap of $2.48 billion, a PE ratio of 22.58 and a beta of 2.19. The firm’s 50-day simple moving average is $26.69 and its 200 day simple moving average is $23.44. Six Flags Entertainment Co. has a fifty-two week low of $16.83 and a fifty-two week high of $44.82.

Wall Street Analysts Forecast Growth

SIX has been the subject of several research analyst reports. Citigroup boosted their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Friday. Rosenblatt Securities upped their price target on Six Flags Entertainment from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Six Flags Entertainment from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus dropped their target price on shares of Six Flags Entertainment from $30.00 to $27.00 in a report on Friday, November 11th. Finally, Jefferies Financial Group lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their price target for the company from $32.00 to $24.00 in a report on Tuesday, November 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.18.

Six Flags Entertainment Profile

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Six Flags Entertainment Corp. operates theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.