AlphaCrest Capital Management LLC Buys 19,230 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Posted by Defense World Staff on Mar 9th, 2023

AlphaCrest Capital Management LLC boosted its stake in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 124.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,663 shares of the company’s stock after purchasing an additional 19,230 shares during the period. AlphaCrest Capital Management LLC’s holdings in Six Flags Entertainment were worth $614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Penn Capital Management Company LLC lifted its stake in Six Flags Entertainment by 0.7% in the 1st quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock valued at $2,645,000 after purchasing an additional 425 shares during the last quarter. Captrust Financial Advisors lifted its stake in Six Flags Entertainment by 34.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after purchasing an additional 428 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Six Flags Entertainment by 2.7% in the 2nd quarter. Victory Capital Management Inc. now owns 18,358 shares of the company’s stock valued at $398,000 after purchasing an additional 488 shares during the last quarter. LPL Financial LLC lifted its stake in Six Flags Entertainment by 1.8% in the 2nd quarter. LPL Financial LLC now owns 41,435 shares of the company’s stock valued at $899,000 after purchasing an additional 722 shares during the last quarter. Finally, Cox Capital Mgt LLC lifted its stake in Six Flags Entertainment by 2.2% in the 3rd quarter. Cox Capital Mgt LLC now owns 41,422 shares of the company’s stock valued at $733,000 after purchasing an additional 883 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Six Flags Entertainment Stock Down 1.8 %

SIX opened at $28.47 on Thursday. Six Flags Entertainment Co. has a twelve month low of $16.83 and a twelve month high of $44.82. The company has a fifty day moving average of $27.07 and a 200-day moving average of $23.54. The stock has a market cap of $2.37 billion, a PE ratio of 21.57 and a beta of 2.19.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Six Flags Entertainment from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Monday. Rosenblatt Securities raised their price target on shares of Six Flags Entertainment from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, January 10th. Citigroup raised their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. Oppenheimer dropped their price target on shares of Six Flags Entertainment to $27.00 in a research note on Tuesday, November 15th. Finally, Stifel Nicolaus dropped their price target on shares of Six Flags Entertainment from $30.00 to $27.00 in a research note on Friday, November 11th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.18.

Insiders Place Their Bets

In related news, CFO Gary Mick purchased 2,250 shares of Six Flags Entertainment stock in a transaction on Wednesday, December 14th. The stock was acquired at an average cost of $21.94 per share, for a total transaction of $49,365.00. Following the completion of the acquisition, the chief financial officer now owns 54,425 shares of the company’s stock, valued at approximately $1,194,084.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.