GW&K Investment Management LLC raised its position in shares of Six Flags Entertainment Corp (NYSE:SIX) by 10.6% in the third quarter, HoldingsChannel reports. The firm owned 733,139 shares of the company’s stock after buying an additional 70,013 shares during the quarter. GW&K Investment Management LLC’s holdings in Six Flags Entertainment were worth $37,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Six Flags Entertainment by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,880,306 shares of the company’s stock valued at $341,813,000 after purchasing an additional 249,890 shares during the period. BlackRock Inc. grew its stake in shares of Six Flags Entertainment by 4.7% during the 2nd quarter. BlackRock Inc. now owns 6,826,552 shares of the company’s stock valued at $339,145,000 after acquiring an additional 304,187 shares during the period. Royal Bank of Canada grew its stake in shares of Six Flags Entertainment by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 1,834,338 shares of the company’s stock valued at $91,130,000 after acquiring an additional 268,500 shares during the period. Cardinal Capital Management LLC CT grew its stake in shares of Six Flags Entertainment by 16.3% during the 2nd quarter. Cardinal Capital Management LLC CT now owns 1,715,662 shares of the company’s stock valued at $85,234,000 after acquiring an additional 241,039 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Six Flags Entertainment by 0.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,446,085 shares of the company’s stock valued at $71,843,000 after acquiring an additional 5,343 shares during the period. Institutional investors and hedge funds own 84.92% of the company’s stock.

In other Six Flags Entertainment news, CFO Marshall Barber sold 468 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.98, for a total value of $27,602.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 643 shares of company stock valued at $37,865 over the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

SIX stock traded down $0.02 during midday trading on Friday, hitting $43.77. The company’s stock had a trading volume of 971,182 shares, compared to its average volume of 1,309,815. Six Flags Entertainment Corp has a 12 month low of $40.72 and a 12 month high of $64.28. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 2.45 and a beta of 0.92. The company has a 50 day moving average of $48.00 and a two-hundred day moving average of $52.07.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.19). Six Flags Entertainment had a negative return on equity of 38.61% and a net margin of 18.02%. The business had revenue of $621.18 million during the quarter, compared to the consensus estimate of $643.90 million. During the same quarter in the previous year, the company earned $2.16 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect that Six Flags Entertainment Corp will post 2.68 EPS for the current year.

SIX has been the subject of a number of recent research reports. KeyCorp reiterated a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Six Flags Entertainment in a research note on Friday, October 25th. They noted that the move was a valuation call. B. Riley cut their price objective on Six Flags Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. ValuEngine downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Wedbush cut their price objective on Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $60.00.

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.

Recommended Story: Front-End Load

Want to see what other hedge funds are holding SIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Six Flags Entertainment Corp (NYSE:SIX).

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

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