Bank of New York Mellon Corp lessened its stake in shares of Six Flags Entertainment Co. (NYSE:SIX) by 18.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,204,912 shares of the company's stock after selling 279,274 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.45% of Six Flags Entertainment worth $21,325,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Penn Capital Management Company LLC lifted its holdings in shares of Six Flags Entertainment by 0.7% during the first quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company's stock worth $2,645,000 after purchasing an additional 425 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Six Flags Entertainment by 34.0% during the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company's stock worth $37,000 after purchasing an additional 428 shares during the period. LPL Financial LLC lifted its holdings in Six Flags Entertainment by 1.8% in the second quarter. LPL Financial LLC now owns 41,435 shares of the company's stock valued at $899,000 after buying an additional 722 shares during the period. Cox Capital Mgt LLC lifted its holdings in Six Flags Entertainment by 2.2% in the third quarter. Cox Capital Mgt LLC now owns 41,422 shares of the company's stock valued at $733,000 after buying an additional 883 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Six Flags Entertainment by 8.4% in the third quarter. Victory Capital Management Inc. now owns 19,900 shares of the company's stock valued at $352,000 after buying an additional 1,542 shares during the period. Institutional investors own 92.11% of the company's stock.
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Six Flags Entertainment Stock Performance
Shares of SIX stock opened at $25.44 on Friday. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $44.60. The company has a 50-day simple moving average of $27.00 and a two-hundred day simple moving average of $23.73. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.27 and a beta of 2.19.
Analyst Ratings Changes
Several research firms recently issued reports on SIX. Rosenblatt Securities boosted their target price on shares of Six Flags Entertainment from $31.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, March 22nd. TheStreet downgraded shares of Six Flags Entertainment from a "c" rating to a "d+" rating in a research note on Thursday, March 2nd. Citigroup lifted their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, March 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Six Flags Entertainment from $29.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, March 6th. Finally, StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Thursday, March 16th. They set a "hold" rating for the company. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Six Flags Entertainment has a consensus rating of "Hold" and an average price target of $30.27.
About Six Flags Entertainment
Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr.
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