Six Flags Entertainment Corporation New (NYSE:SIX) Stake Raised by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD boosted its position in Six Flags Entertainment Corporation New (NYSE:SIX) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,780 shares of the company’s stock after buying an additional 51,162 shares during the period. Six Flags Entertainment Corporation New comprises 4.2% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 5th largest position. Corbyn Investment Management Inc. MD owned 0.27% of Six Flags Entertainment Corporation New worth $13,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Six Flags Entertainment Corporation New by 2,062.3% in the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after buying an additional 238,134 shares during the last quarter. Renaissance Technologies LLC bought a new position in Six Flags Entertainment Corporation New during the fourth quarter worth about $588,000. Westfield Capital Management Co. LP increased its position in Six Flags Entertainment Corporation New by 72.5% in the first quarter. Westfield Capital Management Co. LP now owns 980,622 shares of the company’s stock worth $58,337,000 after buying an additional 412,040 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Six Flags Entertainment Corporation New by 20.9% in the first quarter. Parametric Portfolio Associates LLC now owns 214,016 shares of the company’s stock worth $12,732,000 after buying an additional 36,941 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in Six Flags Entertainment Corporation New by 2.7% in the second quarter. GW&K Investment Management LLC now owns 846,542 shares of the company’s stock worth $50,462,000 after buying an additional 22,205 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Six Flags Entertainment Corporation New (NYSE:SIX) traded down 0.35% during trading on Friday, reaching $54.32. 1,085,237 shares of the company traded hands. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 50.48 and a beta of 1.13. The company’s 50-day moving average price is $57.57 and its 200 day moving average price is $59.52. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by $0.11. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same period in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Six Flags Entertainment Corporation New will post $1.88 EPS for the current year.

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A number of research firms recently issued reports on SIX. Stifel Nicolaus boosted their target price on shares of Six Flags Entertainment Corporation New from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, May 1st. B. Riley restated a “buy” rating and set a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Saturday, April 29th. William Blair assumed coverage on shares of Six Flags Entertainment Corporation New in a report on Friday, July 21st. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, BidaskClub upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Six Flags Entertainment Corporation New presently has a consensus rating of “Hold” and a consensus target price of $66.55.

In other news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.90% of the company’s stock.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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

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