Wedge Capital Management L L P NC Decreases Stock Holdings in Six Flags Entertainment Co. (NYSE:SIX)

Wedge Capital Management L L P NC reduced its holdings in shares of Six Flags Entertainment Co. (NYSE:SIX) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,995 shares of the company’s stock after selling 35,885 shares during the period. Wedge Capital Management L L P NC’s holdings in Six Flags Entertainment were worth $4,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in shares of Six Flags Entertainment by 1.0% in the third quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock worth $1,918,000 after purchasing an additional 782 shares in the last quarter. Raymond James & Associates raised its stake in shares of Six Flags Entertainment by 3.2% in the fourth quarter. Raymond James & Associates now owns 25,627 shares of the company’s stock valued at $643,000 after acquiring an additional 793 shares during the period. Rhumbline Advisers raised its stake in shares of Six Flags Entertainment by 0.4% in the third quarter. Rhumbline Advisers now owns 230,537 shares of the company’s stock valued at $5,420,000 after acquiring an additional 821 shares during the period. Cerity Partners LLC increased its stake in Six Flags Entertainment by 5.9% in the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock worth $403,000 after buying an additional 895 shares during the period. Finally, Swiss National Bank increased its stake in Six Flags Entertainment by 1.0% in the 3rd quarter. Swiss National Bank now owns 155,600 shares of the company’s stock worth $3,658,000 after buying an additional 1,500 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Trading Down 0.6 %

Shares of SIX stock opened at $23.82 on Thursday. The company’s 50-day moving average price is $25.17 and its 200-day moving average price is $24.23. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 51.78 and a beta of 2.20. Six Flags Entertainment Co. has a twelve month low of $18.29 and a twelve month high of $28.99.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. As a group, equities research analysts predict that Six Flags Entertainment Co. will post 1.79 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. Citigroup lifted their target price 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. Truist Financial lifted their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, StockNews.com began coverage on shares of Six Flags Entertainment in a report on Sunday. They set a “hold” rating for the company. Two investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.31.

About Six Flags Entertainment

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.