Assenagon Asset Management S.A. Makes New $4.19 Million Investment in Six Flags Entertainment Co. (NYSE:SIX)

Assenagon Asset Management S.A. purchased a new position in shares of Six Flags Entertainment Co. (NYSE:SIXFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,129 shares of the company’s stock, valued at approximately $4,188,000. Assenagon Asset Management S.A. owned approximately 0.21% of Six Flags Entertainment at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Six Flags Entertainment during the third quarter worth $27,000. Captrust Financial Advisors raised its position in Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after acquiring an additional 466 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Six Flags Entertainment by 64.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after acquiring an additional 559 shares in the last quarter. Quarry LP bought a new stake in Six Flags Entertainment during the first quarter worth $47,000. Finally, Point72 Hong Kong Ltd bought a new stake in Six Flags Entertainment during the first quarter worth $77,000. 99.03% of the stock is owned by institutional investors.

Six Flags Entertainment Stock Performance

NYSE:SIX opened at $25.21 on Thursday. The firm’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $23.42. Six Flags Entertainment Co. has a 52 week low of $18.29 and a 52 week high of $31.29. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 28.33 and a beta of 2.19.

Six Flags Entertainment (NYSE:SIXGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.12). Six Flags Entertainment had a net margin of 5.29% and a negative return on equity of 9.18%. The company had revenue of $547.46 million during the quarter, compared to analyst estimates of $538.76 million. Sell-side analysts anticipate that Six Flags Entertainment Co. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on SIX shares. Rosenblatt Securities lowered shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $25.00 in a research report on Tuesday, November 21st. Morgan Stanley raised shares of Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $29.00 to $32.00 in a research report on Thursday, December 14th. Citigroup raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Friday, November 3rd. B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $30.00 in a research report on Friday, November 3rd. Finally, KeyCorp dropped their price objective on shares of Six Flags Entertainment from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and an average target price of $27.92.

Check Out Our Latest Stock Analysis on Six Flags Entertainment

About Six Flags Entertainment

(Free Report)

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 also sells food, beverages, merchandise, and other products and services within its parks.

Further Reading

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

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