Schonfeld Strategic Advisors LLC trimmed its stake in Six Flags Entertainment Corp (NYSE:SIX) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,300 shares of the company’s stock after selling 3,700 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Six Flags Entertainment were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Six Flags Entertainment by 5.0% during the 3rd 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. Bank of New York Mellon Corp lifted its holdings in shares of Six Flags Entertainment by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,617,431 shares of the company’s stock worth $72,963,000 after acquiring an additional 101,284 shares during the period. River Road Asset Management LLC lifted 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 acquiring an additional 981,975 shares during the period. Renaissance Technologies LLC lifted 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 acquiring an additional 911,100 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Six Flags Entertainment during the 4th quarter worth about $42,091,000. Institutional investors own 80.45% of the company’s stock.

SIX stock traded up $0.54 during trading on Thursday, hitting $15.58. 6,251,075 shares of the stock traded hands, compared to its average volume of 3,268,738. Six Flags Entertainment Corp has a one year low of $8.75 and a one year high of $59.52. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.14 and a beta of 1.27. The company has a 50 day simple moving average of $25.98 and a 200 day simple moving average of $40.70.

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

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

A number of equities analysts have recently commented on SIX shares. KeyCorp reduced their price objective on shares of Six Flags Entertainment from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Six Flags Entertainment from $46.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Berenberg Bank reaffirmed a “hold” rating and set a $44.00 price objective on shares of Six Flags Entertainment in a report on Thursday, January 9th. Wells Fargo & Co reduced their price objective on shares of Six Flags Entertainment from to and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, B. Riley downgraded shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $28.00 to $13.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.30.

In related news, Director Arik W. Ruchim acquired 600,000 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $30.88 per share, for a total transaction of $18,528,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mike Spanos acquired 16,075 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average price of $31.27 per share, with a total value of $502,665.25. Following the transaction, the chief executive officer now directly owns 70,456 shares in the company, valued at approximately $2,203,159.12. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,494,016 shares of company stock valued at $41,264,882 over the last three months. 5.90% of the stock is currently owned by insiders.

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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