Great West Life Assurance Co. Can bought a new position in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 83,602 shares of the company’s stock, valued at approximately $1,479,000. Great West Life Assurance Co. Can owned about 0.10% of Six Flags Entertainment as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SIX. Spire Wealth Management boosted its stake in shares of Six Flags Entertainment by 464.1% during the second quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $27,000 after acquiring an additional 1,035 shares during the last quarter. Glassman Wealth Services boosted its holdings in shares of Six Flags Entertainment by 644.3% in the second quarter. Glassman Wealth Services now owns 1,310 shares of the company’s stock valued at $28,000 after purchasing an additional 1,134 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Six Flags Entertainment by 34.0% in the second 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 period. CWM LLC boosted its holdings in shares of Six Flags Entertainment by 897.4% in the second quarter. CWM LLC now owns 1,895 shares of the company’s stock valued at $41,000 after buying an additional 1,705 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Six Flags Entertainment in the first quarter valued at $77,000. 92.11% of the stock is owned by institutional investors and hedge funds.
Insiders place their bets
In related news, CFO Gary Meek bought 2,250 shares of the stock in a transaction on Wednesday, December 14th. The stock was bought at an average price of $21.94 per share, for a total transaction of $49,365.00. Following the purchase, the chief financial officer now owns 54,425 shares of the company’s stock, valued at approximately $1,194,084.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC’s website. In related news, CFO Gary Meek bought 2,250 shares of the stock in a transaction on Wednesday, December 14th. The stock was bought at an average price of $21.94 per share, for a total transaction of $49,365.00. Following the purchase, the chief financial officer now owns 54,425 shares of the company’s stock, valued at approximately $1,194,084.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also, major shareholder Rehan Jaffer bought 50,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were bought at an average price of $21.79 per share, for a total transaction of $1,089,500.00. Following the completion of the purchase, the insider now directly owns 11,400,000 shares in the company, valued at approximately $248,406,000. Disclosure of this purchase can be found here. Insiders purchased a total of 708,750 shares of company stock valued at $16,551,675 in the last quarter. Company insiders own 0.41% of the company’s shares.
Analysts set new price targets
A number of equities analysts recently weighed in on the company. Oppenheimer reduced their target price on Six Flags Entertainment to $27.00 in a report on Tuesday, November 15th. StockNews.com began coverage on Six Flags Entertainment in a report on Wednesday, October 12th. They assign a “hold” rating to the company. Deutsche Bank Aktiengesellschaft reduced their target price on Six Flags Entertainment from $32.00 to $29.00 in a report on Friday, November 11th. Stifel Nicolaus cut their target price on Six Flags Entertainment from $30.00 to $27.00 in a report on Friday, November 11th. Finally, William Blair downgraded Six Flags Entertainment from an “outperform” rating to a “market perform” rating and upped their target price for the company from $22.00 to $47.00 in a report on Friday, November 11th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.27, according to MarketBeat.com.
Shares of Six Flags Entertainment rose 0.4%
SIX opened at $27.26 on Monday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 23.91 and a beta of 2.14. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $47.24. The business’s 50-day moving average is $23.84, and its two-hundred-day moving average is $22.61.
Six Flags Entertainment (NYSE:SIX – Get Rating ) last posted its quarterly earnings results on Thursday, November 10th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.26). The firm had revenue of $504.83 million for the quarter, compared to analyst estimates of $565.40 million. Six Flags Entertainment had a negative return on equity of 10.56% and a net margin of 6.71%. Equities analysts expect that Six Flags Entertainment Co. will post 1.51 EPS for the current fiscal year.
About Six Flags Entertainment
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Six Flags Entertainment Corp. manages theme parks. It operates under the Six Flags brand, which offers rides, water attractions, themed areas, concerts and shows, restaurants, gaming venues and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, Texas.
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