Landscape Capital Management L.L.C. Purchases Shares of 73,324 Six Flags Entertainment Corp (NYSE:SIX)

Landscape Capital Management L.L.C. purchased a new stake in shares of Six Flags Entertainment Corp (NYSE:SIX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 73,324 shares of the company’s stock, valued at approximately $3,643,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SIX. Aurora Investment Counsel raised its position in shares of Six Flags Entertainment by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 36,707 shares of the company’s stock worth $1,939,000 after acquiring an additional 223 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Six Flags Entertainment by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,377 shares of the company’s stock worth $2,190,000 after acquiring an additional 232 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Six Flags Entertainment by 4.4% in the 2nd quarter. NEXT Financial Group Inc now owns 6,990 shares of the company’s stock worth $348,000 after acquiring an additional 295 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Six Flags Entertainment by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,017 shares of the company’s stock worth $1,442,000 after acquiring an additional 409 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Six Flags Entertainment by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 38,002 shares of the company’s stock worth $1,875,000 after acquiring an additional 416 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SIX traded up $1.49 during trading on Thursday, hitting $55.16. The stock had a trading volume of 88,619 shares, compared to its average volume of 1,250,534. Six Flags Entertainment Corp has a 12 month low of $46.68 and a 12 month high of $72.39. The company has a market cap of $4.55 billion, a P/E ratio of 17.06, a PEG ratio of 2.84 and a beta of 1.04. The company has a fifty day moving average of $52.56.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The company had revenue of $477.20 million during the quarter, compared to analyst estimates of $468.44 million. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts predict that Six Flags Entertainment Corp will post 2.83 earnings per share for the current year.

SIX has been the subject of several research reports. Jefferies Financial Group initiated coverage on Six Flags Entertainment in a research report on Monday, April 22nd. They issued a “hold” rating and a $56.00 target price for the company. Wedbush raised Six Flags Entertainment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $62.00 in a research report on Wednesday, June 19th. Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $52.00 to $56.00 in a research report on Tuesday, July 9th. Finally, ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.40.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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