Balter Liquid Alternatives LLC bought a new stake in shares of Six Flags Entertainment Corp (NYSE:SIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,186 shares of the company’s stock, valued at approximately $364,000.

Other large investors have also bought and sold shares of the company. CIBC World Markets Inc. lifted its stake in Six Flags Entertainment by 42.0% in the 2nd quarter. CIBC World Markets Inc. now owns 12,248 shares of the company’s stock valued at $858,000 after buying an additional 3,625 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Six Flags Entertainment in the 2nd quarter valued at about $479,000. Arizona State Retirement System lifted its stake in Six Flags Entertainment by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 53,943 shares of the company’s stock valued at $3,779,000 after buying an additional 763 shares in the last quarter. Toronto Dominion Bank lifted its stake in Six Flags Entertainment by 349.4% in the 2nd quarter. Toronto Dominion Bank now owns 22,381 shares of the company’s stock valued at $1,568,000 after buying an additional 17,401 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Six Flags Entertainment by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,732,895 shares of the company’s stock valued at $121,389,000 after buying an additional 282,064 shares in the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.

SIX opened at $67.46 on Friday. The company has a debt-to-equity ratio of -3.10, a quick ratio of 0.48 and a current ratio of 0.55. Six Flags Entertainment Corp has a 1-year low of $51.25 and a 1-year high of $73.38. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 31.67 and a beta of 1.04.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Wednesday, July 25th. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.05). Six Flags Entertainment had a negative return on equity of 33.82% and a net margin of 20.65%. The business had revenue of $445.40 million during the quarter, compared to analysts’ expectations of $438.80 million. During the same period last year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts forecast that Six Flags Entertainment Corp will post 2.77 EPS for the current fiscal year.

In other Six Flags Entertainment news, Director Richard Roedel bought 3,974 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were acquired at an average cost of $62.85 per share, with a total value of $249,765.90. Following the purchase, the director now directly owns 14,293 shares of the company’s stock, valued at approximately $898,315.05. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman James Reid-Anderson sold 64,185 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $72.56, for a total transaction of $4,657,263.60. Following the completion of the transaction, the chairman now directly owns 3,375,768 shares in the company, valued at $244,945,726.08. The disclosure for this sale can be found here. Insiders sold a total of 201,811 shares of company stock worth $14,401,216 over the last three months. Corporate insiders own 5.50% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. KeyCorp raised their price target on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Wedbush lowered shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $70.00 in a research note on Friday, July 20th. Wells Fargo & Co lowered shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. Finally, ValuEngine raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $70.80.

Six Flags Entertainment 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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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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