Trade Report: The Dimensional Fund Advisors LP cuts its investment of stake in Six Flags Entertainment Corp. (SIX)

The Dimensional Fund Advisors LP cuts its investment of stake in Six Flags Entertainment Corp. (SIX)

Dimensional Fund Advisors LP reduced its position in Six Flags Entertainment Corp. (NYSE:SIX) by 6.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 450,189 shares of the company’s stock after selling 33,178 shares during the period. Dimensional Fund Advisors LP owned 0.48% of Six Flags Entertainment Corp. worth $26,090,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. bought a new stake in Six Flags Entertainment Corp. during the second quarter worth approximately $100,000. Fuller & Thaler Asset Management Inc. bought a new stake in Six Flags Entertainment Corp. during the second quarter worth approximately $113,000. Checchi Capital Advisers LLC boosted its stake in Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock worth $114,000 after buying an additional 56 shares during the period. First Quadrant L P CA boosted its stake in Six Flags Entertainment Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 2,617 shares of the company’s stock worth $152,000 after buying an additional 117 shares during the period. Finally, GWM Advisors LLC bought a new stake in Six Flags Entertainment Corp. during the second quarter worth approximately $205,000. Institutional investors own 88.67% of the company’s stock.

Six Flags Entertainment Corp. (NYSE:SIX) opened at 54.17 on Friday. The stock has a 50 day moving average price of $52.27 and a 200 day moving average price of $55.31. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 44.08 and a beta of 1.44. Six Flags Entertainment Corp. has a 1-year low of $45.24 and a 1-year high of $62.69.

Six Flags Entertainment Corp. (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by $0.56. The firm earned $558 million during the quarter, compared to analyst estimates of $586.44 million. Six Flags Entertainment Corp. had a net margin of 9.14% and a negative return on equity of 297.44%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. Analysts predict that Six Flags Entertainment Corp. will post $1.31 EPS for the current year.

A number of analysts recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $65.00 target price on shares of Six Flags Entertainment Corp. in a research note on Sunday, July 31st. Wedbush cut shares of Six Flags Entertainment Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, September 23rd. Credit Suisse Group AG restated a “positive” rating and set a $67.00 price objective on shares of Six Flags Entertainment Corp. in a research note on Wednesday, July 13th. FBR & Co lifted their price objective on shares of Six Flags Entertainment Corp. from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Zacks Investment Research cut shares of Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Six Flags Entertainment Corp. currently has an average rating of “Buy” and an average target price of $61.80.

In other news, SVP Walter Hawrylak sold 22,883 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,154,905.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.10% of the company’s stock.

About Six Flags Entertainment Corp.

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