Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,395 Shares of Six Flags Entertainment Co. (NYSE:SIX)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Six Flags Entertainment Co. (NYSE:SIX) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,987 shares of the company’s stock after purchasing an additional 3,395 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Six Flags Entertainment were worth $401,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Six Flags Entertainment during the third quarter valued at about $48,000. AXQ Capital LP purchased a new position in Six Flags Entertainment in the 3rd quarter worth approximately $216,000. III Capital Management bought a new position in Six Flags Entertainment in the 3rd quarter worth approximately $335,000. Cerity Partners LLC grew its holdings in Six Flags Entertainment by 5.9% during the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock valued at $403,000 after buying an additional 895 shares in the last quarter. Finally, Corton Capital Inc. purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $429,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Price Performance

SIX stock opened at $24.72 on Friday. The company has a market capitalization of $2.08 billion, a PE ratio of 53.74 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 firm’s 50-day moving average is $25.02 and its 200 day moving average is $24.31.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results 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). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The firm had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Sell-side analysts forecast that Six Flags Entertainment Co. will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Monday, April 29th. They set a “hold” rating for the company. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $31.00 in a report on Thursday, April 18th. Finally, Citigroup boosted their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Six Flags Entertainment currently has an average rating of “Hold” and an average target price of $28.31.

Six Flags Entertainment 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.