Russell Investments Group Ltd. raised its position in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 219,055 shares of the company’s stock after buying an additional 4,351 shares during the period. Russell Investments Group Ltd.’s holdings in Six Flags Entertainment Corporation New were worth $13,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SIX. Creative Planning raised its position in Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock worth $132,000 after buying an additional 631 shares during the period. Washington Trust Bank raised its position in Six Flags Entertainment Corporation New by 11.6% in the first quarter. Washington Trust Bank now owns 2,225 shares of the company’s stock worth $132,000 after buying an additional 231 shares during the period. State of Alaska Department of Revenue acquired a new position in Six Flags Entertainment Corporation New during the first quarter worth $149,000. World Asset Management Inc acquired a new position in Six Flags Entertainment Corporation New during the first quarter worth $209,000. Finally, North Star Investment Management Corp. raised its position in Six Flags Entertainment Corporation New by 120.4% in the second quarter. North Star Investment Management Corp. now owns 3,681 shares of the company’s stock worth $219,000 after buying an additional 2,011 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Corporation New (NYSE SIX) traded down 0.35% on Friday, hitting $54.32. 1,085,237 shares of the company were exchanged. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19. The stock has a market capitalization of $4.65 billion, a P/E ratio of 50.48 and a beta of 1.13. The company has a 50 day moving average price of $57.57 and a 200-day moving average price of $59.52.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. The firm 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 business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. 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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A number of research analysts have weighed in on SIX shares. B. Riley reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Monday, April 24th. Stifel Nicolaus started coverage on shares of Six Flags Entertainment Corporation New in a research note on Thursday, April 20th. They issued a “buy” rating and a $70.00 price objective on the stock. They noted that the move was a valuation call. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, June 28th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, July 19th. Finally, BidaskClub raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.55.

In related news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.90% of the company’s stock.

About Six Flags Entertainment Corporation New

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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