Six Flags Entertainment Co. (NYSE:SIX) Holdings Cut by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its holdings in Six Flags Entertainment Co. (NYSE:SIX) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,995 shares of the company’s stock after selling 35,885 shares during the period. Wedge Capital Management L L P NC owned about 0.22% of Six Flags Entertainment worth $4,615,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $48,000. AXQ Capital LP acquired a new position in Six Flags Entertainment in the 3rd quarter worth approximately $216,000. III Capital Management acquired a new stake in shares of Six Flags Entertainment during the 3rd quarter valued at $335,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Six Flags Entertainment by 27.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,987 shares of the company’s stock valued at $401,000 after buying an additional 3,395 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Six Flags Entertainment by 5.9% during the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock valued at $403,000 after buying an additional 895 shares during the period. Institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Trading Down 0.6 %

Shares of SIX stock opened at $23.82 on Thursday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 51.78 and a beta of 2.20. The firm’s 50 day moving average is $25.17 and its 200-day moving average is $24.23. Six Flags Entertainment Co. has a 1 year low of $18.29 and a 1 year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The business had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. On average, equities research analysts forecast that Six Flags Entertainment Co. will post 1.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SIX shares. B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and raised their price target for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Citigroup lifted their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Truist Financial boosted their price target on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Finally, StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Sunday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Six Flags Entertainment has a consensus rating of “Hold” and a consensus target price of $28.31.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.