Norges Bank acquired a new stake in shares of Six Flags Entertainment Corp (NYSE:SIX) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 691,318 shares of the company’s stock, valued at approximately $38,458,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SIX. JPMorgan Chase & Co. lifted its holdings in shares of Six Flags Entertainment by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 88,805 shares of the company’s stock valued at $6,200,000 after acquiring an additional 18,668 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Six Flags Entertainment by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after acquiring an additional 288,077 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Six Flags Entertainment by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 488,531 shares of the company’s stock valued at $34,109,000 after buying an additional 1,796 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Six Flags Entertainment in the third quarter valued at about $227,000. Finally, GSA Capital Partners LLP bought a new position in shares of Six Flags Entertainment in the third quarter valued at about $816,000. 91.25% of the stock is owned by institutional investors.

Six Flags Entertainment stock opened at $50.63 on Monday. Six Flags Entertainment Corp has a 12-month low of $46.68 and a 12-month high of $73.38. The stock has a market capitalization of $4.25 billion, a P/E ratio of 15.67 and a beta of 1.13.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.65. The firm had revenue of $269.50 million during the quarter, compared to analyst estimates of $284.50 million. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. On average, research analysts predict that Six Flags Entertainment Corp will post 2.79 EPS for the current fiscal year.

A number of research firms recently issued reports on SIX. Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. Oppenheimer cut their price target on Six Flags Entertainment from $80.00 to $68.00 in a report on Thursday, January 17th. Zacks Investment Research cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, TheStreet cut Six Flags Entertainment from a “b-” rating to a “c+” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Six Flags Entertainment presently has an average rating of “Hold” and an average target price of $62.40.

In related news, CFO Marshall Barber sold 1,275 shares of Six Flags Entertainment stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $56.48, for a total value of $72,012.00. Following the completion of the sale, the chief financial officer now directly owns 82,722 shares in the company, valued at $4,672,138.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total value of $1,748,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,139 shares of company stock valued at $1,827,495. Corporate insiders own 5.90% of the company’s stock.

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Six Flags Entertainment Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 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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