Penserra Capital Management LLC acquired a new stake in Six Flags Entertainment Corp (NYSE:SIX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,170 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Six Flags Entertainment by 5.0% during the third quarter. State Street Corp now owns 1,910,602 shares of the company’s stock worth $97,039,000 after acquiring an additional 90,282 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Six Flags Entertainment by 171.5% during the 4th quarter. River Road Asset Management LLC now owns 1,554,699 shares of the company’s stock worth $70,132,000 after buying an additional 981,975 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Six Flags Entertainment by 1,034.2% during the 4th quarter. Renaissance Technologies LLC now owns 999,200 shares of the company’s stock worth $45,074,000 after buying an additional 911,100 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $42,091,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of Six Flags Entertainment by 8.3% during the 4th quarter. GW&K Investment Management LLC now owns 793,818 shares of the company’s stock worth $35,809,000 after buying an additional 60,679 shares during the period. Institutional investors and hedge funds own 80.45% of the company’s stock.

Shares of Six Flags Entertainment stock traded up $0.54 during midday trading on Thursday, hitting $15.58. 6,248,865 shares of the company traded hands, compared to its average volume of 3,268,694. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.14 and a beta of 1.27. The firm’s fifty day moving average price is $25.98 and its 200-day moving average price is $40.70. Six Flags Entertainment Corp has a 12 month low of $8.75 and a 12 month high of $59.52.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Thursday, February 20th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.30). Six Flags Entertainment had a negative return on equity of 26.50% and a net margin of 12.04%. The business had revenue of $261.00 million for the quarter, compared to the consensus estimate of $260.11 million. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Six Flags Entertainment Corp will post 1.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend was Tuesday, March 3rd. Six Flags Entertainment’s dividend payout ratio is currently 44.64%.

In related news, Director Arik W. Ruchim bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $23.25 per share, for a total transaction of $1,162,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arik W. Ruchim bought 600,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $30.88 per share, for a total transaction of $18,528,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,494,016 shares of company stock worth $41,264,882. Insiders own 5.90% of the company’s stock.

Several analysts have weighed in on SIX shares. Wedbush dropped their price objective on shares of Six Flags Entertainment from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. SunTrust Banks reiterated a “hold” rating and issued a $32.00 price objective on shares of Six Flags Entertainment in a research note on Friday, February 21st. Raymond James upgraded shares of Six Flags Entertainment to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, March 18th. ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Co dropped their target price on shares of Six Flags Entertainment from to and set an “underweight” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Six Flags Entertainment currently has an average rating of “Hold” and an average price target of $32.30.

About Six Flags Entertainment

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.

Further Reading: Portfolio Manager

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

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