Land & Buildings Investment Management LLC Invests $6.60 Million in Six Flags Entertainment Co. (NYSE:SIX)

Land & Buildings Investment Management LLC acquired a new stake in shares of Six Flags Entertainment Co. (NYSE:SIX) during the 1st quarter, Holdings Channel reports. The fund acquired 142,040 shares of the company’s stock, valued at approximately $6,601,000. Six Flags Entertainment makes up 1.4% of Land & Buildings Investment Management LLC’s holdings, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SIX. Captrust Financial Advisors raised its holdings in Six Flags Entertainment by 67.2% in the 1st quarter. Captrust Financial Advisors now owns 627 shares of the company’s stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. International Assets Investment Management LLC increased its stake in Six Flags Entertainment by 71.3% in the first quarter. International Assets Investment Management LLC now owns 745 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares during the last quarter. Retirement Systems of Alabama lifted its position in Six Flags Entertainment by 0.4% during the first quarter. Retirement Systems of Alabama now owns 98,941 shares of the company’s stock worth $4,598,000 after buying an additional 359 shares during the period. Mid Atlantic Financial Management Inc. ADV boosted its stake in Six Flags Entertainment by 6.3% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 6,279 shares of the company’s stock worth $292,000 after buying an additional 374 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in Six Flags Entertainment by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 28,029 shares of the company’s stock valued at $1,303,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 85.67% of the company’s stock.

NYSE:SIX traded down $0.91 on Thursday, reaching $40.21. The stock had a trading volume of 6,381 shares, compared to its average volume of 1,398,624. The stock’s 50-day moving average price is $43.08. The company has a market cap of $3.43 billion, a PE ratio of -8.05 and a beta of 2.50. Six Flags Entertainment Co. has a 12-month low of $16.06 and a 12-month high of $51.75.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, April 27th. The company reported ($1.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.29) by $0.17. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $48.03 million. During the same quarter last year, the company earned ($1.00) earnings per share. The company’s revenue was down 20.4% compared to the same quarter last year. Analysts predict that Six Flags Entertainment Co. will post -0.35 EPS for the current fiscal year.

In other Six Flags Entertainment news, CAO Wilson Taylor Brooks sold 2,614 shares of the stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $43.93, for a total transaction of $114,833.02. Following the transaction, the chief accounting officer now owns 14,410 shares of the company’s stock, valued at approximately $633,031.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.76% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Six Flags Entertainment from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 21st. KeyCorp upped their price objective on Six Flags Entertainment from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. Jefferies Financial Group lifted their target price on Six Flags Entertainment from $56.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Macquarie upped their price target on Six Flags Entertainment from $51.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Finally, B. Riley lifted their price objective on Six Flags Entertainment from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, April 29th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Six Flags Entertainment has an average rating of “Buy” and a consensus target price of $41.55.

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. As of March 18, 2021, the company operated 26 parks in the United States, Mexico, and Canada.

Further Reading: Percentage Gainers

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

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