Louisiana State Employees Retirement System trimmed its position in Six Flags Entertainment Corp (NYSE:SIX) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,700 shares of the company’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Six Flags Entertainment were worth $1,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SIX. Prudential Financial Inc. increased its stake in shares of Six Flags Entertainment by 6.8% in the second quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock worth $280,000 after buying an additional 300 shares during the period. Alliancebernstein L.P. increased its stake in shares of Six Flags Entertainment by 2.3% in the second quarter. Alliancebernstein L.P. now owns 94,059 shares of the company’s stock worth $5,607,000 after buying an additional 2,086 shares during the period. Teachers Advisors LLC increased its stake in shares of Six Flags Entertainment by 5.4% in the second quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock worth $8,139,000 after buying an additional 6,986 shares during the period. Nationwide Fund Advisors increased its stake in shares of Six Flags Entertainment by 7.7% in the second quarter. Nationwide Fund Advisors now owns 131,650 shares of the company’s stock worth $7,848,000 after buying an additional 9,400 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Six Flags Entertainment by 6.9% in the second quarter. BlackRock Inc. now owns 3,526,508 shares of the company’s stock worth $210,217,000 after buying an additional 228,249 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Six Flags Entertainment Corp (SIX) opened at $68.00 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. The stock has a market cap of $5,700.00, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.61 and a beta of 1.18. Six Flags Entertainment Corp has a 1 year low of $51.25 and a 1 year high of $69.00.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million for the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. equities research analysts predict that Six Flags Entertainment Corp will post 2.13 earnings per share for the current year.

Several research analysts recently commented on SIX shares. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 target price on shares of Six Flags Entertainment in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 target price on shares of Six Flags Entertainment in a research note on Thursday, October 12th. FBR & Co reaffirmed a “buy” rating and issued a $65.00 target price on shares of Six Flags Entertainment in a research note on Monday, September 25th. Finally, Zacks Investment Research raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $68.20.

In other Six Flags Entertainment news, CEO James Reid-Anderson sold 41,008 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the transaction, the chief executive officer now directly owns 3,570,602 shares of the company’s stock, valued at approximately $232,303,366.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 281,139 shares of company stock worth $18,706,366. Insiders own 6.90% of the company’s stock.

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Six Flags Entertainment 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.

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

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