Robeco Institutional Asset Management B.V. lifted its stake in Six Flags Entertainment Corp (NYSE:SIX) by 10,214.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 464,463 shares of the company’s stock after purchasing an additional 459,960 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Six Flags Entertainment were worth $32,537,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Ostrum Asset Management acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $110,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Six Flags Entertainment by 61.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,438 shares of the company’s stock valued at $152,000 after purchasing an additional 927 shares during the period. Weatherstone Capital Management acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $202,000. HL Financial Services LLC acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $205,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Six Flags Entertainment in the 1st quarter valued at $238,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
In other news, CEO James Reid-Anderson sold 700 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $72.49, for a total transaction of $50,743.00. Following the completion of the sale, the chief executive officer now directly owns 3,375,768 shares of the company’s stock, valued at approximately $244,709,422.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Roedel purchased 3,974 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were purchased at an average cost of $62.85 per share, with a total value of $249,765.90. Following the completion of the purchase, the director now directly owns 14,293 shares in the company, valued at $898,315.05. The disclosure for this purchase can be found here. Over the last three months, insiders sold 201,811 shares of company stock valued at $14,401,216. Company insiders own 6.90% of the company’s stock.
Shares of Six Flags Entertainment opened at $66.14 on Friday, MarketBeat reports. The stock has a market capitalization of $5.54 billion, a P/E ratio of 27.48 and a beta of 1.04. The company has a debt-to-equity ratio of -3.10, a current ratio of 0.55 and a quick ratio of 0.48. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $73.38.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.05). The business had revenue of $445.40 million during the quarter, compared to analysts’ expectations of $438.80 million. Six Flags Entertainment had a negative return on equity of 33.82% and a net margin of 20.65%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. research analysts forecast that Six Flags Entertainment Corp will post 2.77 earnings per share for the current year.
Several brokerages recently issued reports on SIX. Stifel Nicolaus increased their price objective on Six Flags Entertainment from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. ValuEngine downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. B. Riley increased their price objective on Six Flags Entertainment from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Macquarie increased their price objective on Six Flags Entertainment from $56.00 to $58.00 and gave the stock an “underperform” rating in a research note on Thursday, April 26th. Finally, Zacks Investment Research raised Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $70.73.
Six Flags Entertainment Company 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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