Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 844 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Six Flags Entertainment Co. (NYSE:SIX – Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,363 shares of the company’s stock after selling 844 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.09% of Six Flags Entertainment worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SIX. CWM LLC raised its position in Six Flags Entertainment by 51.7% during the 4th quarter. CWM LLC now owns 1,186 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares in the last quarter. National Bank of Canada FI raised its position in Six Flags Entertainment by 166.4% during the 1st quarter. National Bank of Canada FI now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 699 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at $31,000. Rockefeller Capital Management L.P. raised its position in Six Flags Entertainment by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after purchasing an additional 559 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Six Flags Entertainment by 34.0% during 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 in the last quarter. 99.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Six Flags Entertainment

In other news, CFO Gary Mick purchased 5,812 shares of the company’s stock in a transaction on Friday, June 9th. The shares were acquired at an average price of $26.98 per share, for a total transaction of $156,807.76. Following the purchase, the chief financial officer now owns 89,737 shares in the company, valued at $2,421,104.26. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock opened at $21.09 on Friday. The business’s 50-day simple moving average is $24.91 and its two-hundred day simple moving average is $25.74. The company has a market cap of $1.76 billion, a PE ratio of 21.97 and a beta of 2.16. Six Flags Entertainment Co. has a fifty-two week low of $16.83 and a fifty-two week high of $31.29.

Six Flags Entertainment (NYSE:SIX – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.53). The firm had revenue of $443.71 million for the quarter, compared to analysts’ expectations of $465.25 million. Six Flags Entertainment had a net margin of 5.83% and a negative return on equity of 9.50%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, analysts predict that Six Flags Entertainment Co. will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SIX shares. StockNews.com started coverage on Six Flags Entertainment in a research report on Thursday. They issued a “hold” rating for the company. B. Riley reduced their price target on Six Flags Entertainment from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Citigroup reduced their price target on Six Flags Entertainment from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. KeyCorp reduced their price target on Six Flags Entertainment from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, August 11th. Finally, The Goldman Sachs Group reduced their price target on Six Flags Entertainment from $26.00 to $22.00 and set a “sell” rating for the company in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Read Our Latest Analysis on Six Flags Entertainment

Six Flags Entertainment Profile

(Free Report)

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.