SG Americas Securities LLC Buys 3,195 Shares of Six Flags Entertainment Co. (NYSE:SIX)

SG Americas Securities LLC raised its stake in Six Flags Entertainment Co. (NYSE:SIX) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,543 shares of the company’s stock after acquiring an additional 3,195 shares during the period. SG Americas Securities LLC’s holdings in Six Flags Entertainment were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Penn Capital Management Company LLC raised its stake in Six Flags Entertainment by 0.7% during the first quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock valued at $2,645,000 after purchasing an additional 425 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Six Flags Entertainment by 34.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after buying an additional 428 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Six Flags Entertainment by 3.0% in the 2nd quarter. Cerity Partners LLC now owns 15,954 shares of the company’s stock valued at $414,000 after acquiring an additional 468 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake 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 during the last quarter. Finally, LPL Financial LLC increased its stake in Six Flags Entertainment by 1.8% during the second quarter. LPL Financial LLC now owns 41,435 shares of the company’s stock worth $899,000 after acquiring an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley raised Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $29.00 to $32.00 in a research report on Thursday, December 14th. Truist Financial raised their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Thursday, March 28th. They set a “hold” rating on the stock. 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, B. Riley cut Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and an average price target of $28.23.

Six Flags Entertainment Trading Down 1.4 %

SIX opened at $25.23 on Thursday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 54.85 and a beta of 2.20. Six Flags Entertainment Co. has a 12-month low of $18.29 and a 12-month high of $28.99. The business’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $24.11.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The business had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. On average, equities research analysts predict that Six Flags Entertainment Co. will post 1.8 EPS for the current year.

Six Flags Entertainment Company Profile

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.