Clearbridge Investments LLC Trims Stake in Six Flags Entertainment Co. (NYSE:SIX)

Clearbridge Investments LLC lowered its holdings in Six Flags Entertainment Co. (NYSE:SIX) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,371,979 shares of the company’s stock after selling 73,105 shares during the period. Clearbridge Investments LLC’s holdings in Six Flags Entertainment were worth $34,409,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SIX. Rush Island Management LP raised its position in Six Flags Entertainment by 23.9% during the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock valued at $81,536,000 after purchasing an additional 668,986 shares in the last quarter. Cooper Creek Partners Management LLC boosted its stake in Six Flags Entertainment by 73.1% in the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after buying an additional 1,387,734 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Six Flags Entertainment by 20.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock valued at $38,619,000 after acquiring an additional 260,154 shares during the last quarter. Land & Buildings Investment Management LLC raised its stake in shares of Six Flags Entertainment by 60.9% during the third quarter. Land & Buildings Investment Management LLC now owns 1,383,986 shares of the company’s stock worth $32,538,000 after acquiring an additional 524,070 shares in the last quarter. Finally, Hawk Ridge Capital Management LP boosted its stake in shares of Six Flags Entertainment by 81.3% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 1,193,868 shares of the company’s stock valued at $28,068,000 after purchasing an additional 535,486 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Transactions at Six Flags Entertainment

In other news, CAO Derek Sample sold 2,300 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total transaction of $60,812.00. Following the sale, the chief accounting officer now owns 12,805 shares in the company, valued at $338,564.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SIX shares. Deutsche Bank Aktiengesellschaft cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 15th. StockNews.com initiated coverage on Six Flags Entertainment in a research note on Thursday. They issued a “hold” rating on the stock. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $31.00 in a research note on Thursday, April 18th. Finally, 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.00.

Six Flags Entertainment Trading Down 1.6 %

Shares of SIX opened at $25.99 on Friday. Six Flags Entertainment Co. has a 1-year low of $18.29 and a 1-year high of $28.99. The firm’s 50-day moving average price is $25.16 and its 200-day moving average price is $24.89. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 81.22 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last released 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 negative return on equity of 6.61% and a net margin of 1.84%. The business had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. On average, research analysts forecast that Six Flags Entertainment Co. will post 1.54 EPS for the current fiscal year.

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.