Six Flags Entertainment Co. (NYSE:SIX) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in shares of Six Flags Entertainment Co. (NYSE:SIX) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,872 shares of the company’s stock after selling 9,301 shares during the period. Fisher Asset Management LLC owned about 0.25% of Six Flags Entertainment worth $5,239,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SIX. Dimensional Fund Advisors LP raised its position in Six Flags Entertainment by 20.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,539,818 shares of the company’s stock valued at $38,619,000 after purchasing an additional 260,154 shares in the last quarter. Allianz Asset Management GmbH raised its position in Six Flags Entertainment by 142.8% in the 4th quarter. Allianz Asset Management GmbH now owns 142,505 shares of the company’s stock valued at $3,574,000 after purchasing an additional 83,805 shares in the last quarter. Deutsche Bank AG raised its position in Six Flags Entertainment by 151.2% in the 3rd quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock valued at $7,560,000 after purchasing an additional 193,543 shares in the last quarter. Yousif Capital Management LLC raised its position in Six Flags Entertainment by 9.2% in the 4th quarter. Yousif Capital Management LLC now owns 38,842 shares of the company’s stock valued at $974,000 after purchasing an additional 3,263 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Six Flags Entertainment in the 4th quarter valued at about $8,482,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Buying and Selling

In related news, CAO Derek Sample sold 2,300 shares of Six Flags Entertainment stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total transaction of $60,812.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,805 shares of the company’s stock, valued at $338,564.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SIX has been the topic of a number of analyst reports. StockNews.com initiated coverage on Six Flags Entertainment in a research report on Sunday, June 16th. They issued a “hold” rating on the stock. Citigroup increased their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the company from $29.00 to $27.00 in a report on Wednesday, May 15th. Finally, B. Riley upgraded 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 report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Six Flags Entertainment presently has an average rating of “Hold” and an average price target of $27.42.

Six Flags Entertainment Price Performance

SIX opened at $31.39 on Friday. The business has a 50 day simple moving average of $26.00 and a 200-day simple moving average of $25.38. The stock has a market capitalization of $2.65 billion, a P/E ratio of 98.09 and a beta of 2.25. Six Flags Entertainment Co. has a 12 month low of $18.29 and a 12 month high of $32.23.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) EPS for the quarter, meeting the consensus estimate of ($0.91). The business had revenue of $133.29 million during the quarter, compared to analysts’ expectations of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. Research analysts anticipate that Six Flags Entertainment Co. will post 1.53 EPS for the current year.

Six Flags Entertainment Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 28th will be issued a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, June 27th.

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.