Daiwa Securities Group Inc. purchased a new stake in Six Flags Entertainment Corporation New (NYSE:SIX) during the second quarter, according to its most recent filing with the SEC. The fund purchased 7,500 shares of the company’s stock, valued at approximately $447,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SIX. JPMorgan Chase & Co. increased its position in Six Flags Entertainment Corporation New by 2,062.3% in the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock valued at $14,855,000 after buying an additional 238,134 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Six Flags Entertainment Corporation New during the fourth quarter valued at approximately $588,000. Westfield Capital Management Co. LP increased its position in shares of Six Flags Entertainment Corporation New by 72.5% in the first quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock valued at $58,337,000 after buying an additional 412,040 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Six Flags Entertainment Corporation New by 20.9% in the first quarter. Parametric Portfolio Associates LLC now owns 214,016 shares of the company’s stock valued at $12,732,000 after buying an additional 36,941 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Six Flags Entertainment Corporation New by 2.7% in the second quarter. GW&K Investment Management LLC now owns 846,542 shares of the company’s stock valued at $50,462,000 after buying an additional 22,205 shares during the last quarter. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Corporation New (SIX) opened at 53.81 on Tuesday. Six Flags Entertainment Corporation New has a 12 month low of $47.61 and a 12 month high of $65.19. The stock has a market capitalization of $4.60 billion, a P/E ratio of 50.01 and a beta of 1.13. The firm’s 50-day moving average is $57.39 and its 200-day moving average is $59.45.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. The company had revenue of $422.37 million during the quarter, compared to the consensus estimate of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities analysts expect that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current fiscal year.

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Several research analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $69.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Monday, May 1st. Macquarie downgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, June 20th. Finally, Hilliard Lyons downgraded shares of Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.55.

In related news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is owned by company insiders.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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

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