State Treasurer State of Michigan purchased a new stake in Six Flags Entertainment Corp (NYSE:SIX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,600 shares of the company’s stock, valued at approximately $1,804,000.

Several other hedge funds also recently modified their holdings of SIX. Wellington Management Group LLP bought a new stake in shares of Six Flags Entertainment Corp in the first quarter valued at approximately $848,000. Teachers Advisors LLC boosted its stake in shares of Six Flags Entertainment Corp by 13.1% in the first quarter. Teachers Advisors LLC now owns 129,557 shares of the company’s stock valued at $7,707,000 after buying an additional 15,029 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Six Flags Entertainment Corp by 15.9% in the first quarter. PNC Financial Services Group Inc. now owns 8,807 shares of the company’s stock valued at $524,000 after buying an additional 1,211 shares during the period. Legal & General Group Plc boosted its stake in shares of Six Flags Entertainment Corp by 53.4% in the first quarter. Legal & General Group Plc now owns 47,255 shares of the company’s stock valued at $2,811,000 after buying an additional 16,454 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Six Flags Entertainment Corp by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 468,471 shares of the company’s stock valued at $27,870,000 after buying an additional 27,754 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

Several brokerages recently issued reports on SIX. Macquarie cut Six Flags Entertainment Corp from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment Corp in a research note on Thursday, October 12th. Zacks Investment Research cut Six Flags Entertainment Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment Corp in a research note on Wednesday, July 19th. Finally, KeyCorp began coverage on Six Flags Entertainment Corp in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $67.00.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.watchlistnews.com/state-treasurer-state-of-michigan-purchases-shares-of-29600-six-flags-entertainment-corp-six/1677992.html.

In other news, Director Jon L. Luther purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the purchase, the director now owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is currently owned by corporate insiders.

Shares of Six Flags Entertainment Corp (NYSE:SIX) opened at $63.80 on Friday. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. Six Flags Entertainment Corp has a 12 month low of $51.25 and a 12 month high of $65.19. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16.

Six Flags Entertainment Corp (NYSE:SIX) last released its earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.31. Six Flags Entertainment Corp had a negative return on equity of 47.41% and a net margin of 13.24%. The firm had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the prior year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts anticipate that Six Flags Entertainment Corp will post 2.09 EPS for the current fiscal year.

Six Flags Entertainment Corp 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.

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

Receive News & Ratings for Six Flags Entertainment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.