Banco BTG Pactual S.A. bought a new stake in Six Flags Entertainment Corp (NYSE:SIX) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 17,500 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors also recently made changes to their positions in SIX. New York State Teachers Retirement System grew its position in shares of Six Flags Entertainment by 3.3% during the fourth quarter. New York State Teachers Retirement System now owns 59,185 shares of the company’s stock worth $2,670,000 after buying an additional 1,900 shares in the last quarter. SG Americas Securities LLC lifted its stake in Six Flags Entertainment by 211.8% during the fourth quarter. SG Americas Securities LLC now owns 10,062 shares of the company’s stock worth $454,000 after purchasing an additional 6,835 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Six Flags Entertainment by 28.1% during the fourth quarter. Russell Investments Group Ltd. now owns 194,099 shares of the company’s stock worth $8,753,000 after purchasing an additional 42,560 shares during the last quarter. Seelaus Asset Management LLC purchased a new stake in Six Flags Entertainment during the fourth quarter worth approximately $325,000. Finally, First Trust Advisors LP purchased a new stake in Six Flags Entertainment during the fourth quarter worth approximately $630,000. 76.32% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on SIX. Raymond James upgraded Six Flags Entertainment to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, March 18th. KeyCorp boosted their target price on Six Flags Entertainment from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. SunTrust Banks boosted their price objective on Six Flags Entertainment from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, May 1st. B. Riley boosted their price objective on Six Flags Entertainment from $15.50 to $18.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.73.

Six Flags Entertainment stock traded up $2.05 during trading hours on Wednesday, hitting $25.38. The stock had a trading volume of 188,878 shares, compared to its average volume of 4,041,302. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.14 and a beta of 2.22. Six Flags Entertainment Corp has a 1-year low of $8.75 and a 1-year high of $59.52. The stock’s fifty day moving average is $19.65 and its two-hundred day moving average is $30.36.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, April 30th. The company reported ($1.00) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.11) by $0.11. Six Flags Entertainment had a negative return on equity of 23.63% and a net margin of 11.19%. The firm had revenue of $102.50 million for the quarter, compared to the consensus estimate of $99.75 million. During the same period in the prior year, the business posted ($0.82) earnings per share. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. On average, research analysts expect that Six Flags Entertainment Corp will post -1.73 EPS for the current fiscal year.

Six Flags Entertainment Company 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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