Six Flags Entertainment Co. (NYSE:SIX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in Six Flags Entertainment Co. (NYSE:SIXFree Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,641 shares of the company’s stock after selling 87,488 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Six Flags Entertainment worth $2,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Six Flags Entertainment in the 3rd quarter worth approximately $27,000. Captrust Financial Advisors increased its holdings in Six Flags Entertainment by 58.9% in the 1st quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after buying an additional 466 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Six Flags Entertainment by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after buying an additional 559 shares during the period. Quarry LP acquired a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $47,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $77,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Stock Performance

Shares of SIX stock opened at $25.23 on Thursday. The stock’s fifty day moving average is $25.45 and its two-hundred day moving average is $24.11. The firm has a market capitalization of $2.12 billion, a P/E ratio of 54.85 and a beta of 2.20. Six Flags Entertainment Co. has a fifty-two week low of $18.29 and a fifty-two week high of $28.99.

Six Flags Entertainment (NYSE:SIXGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The firm had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. On average, equities analysts forecast that Six Flags Entertainment Co. will post 1.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research note on Thursday, March 28th. They set a “hold” rating on the stock. Truist Financial raised their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. B. Riley cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Monday, February 5th. Citigroup raised their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Morgan Stanley upgraded Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $29.00 to $32.00 in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.23.

Get Our Latest Research Report on Six Flags Entertainment

Six Flags Entertainment Company Profile

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

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

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