Deroy & Devereaux Private Investment Counsel Inc. Acquires 48,703 Shares of Six Flags Entertainment Corporation New (SIX)

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Six Flags Entertainment Corporation New (NYSE:SIX) by 28.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 220,258 shares of the company’s stock after buying an additional 48,703 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.24% of Six Flags Entertainment Corporation New worth $13,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SIX. BlackRock Inc. boosted its stake in shares of Six Flags Entertainment Corporation New by 21,709.6% in the first quarter. BlackRock Inc. now owns 3,298,259 shares of the company’s stock worth $196,215,000 after buying an additional 3,283,136 shares during the period. CI Investments Inc. raised its position in Six Flags Entertainment Corporation New by 51.7% in the first quarter. CI Investments Inc. now owns 2,610,075 shares of the company’s stock worth $155,273,000 after buying an additional 889,300 shares in the last quarter. Renaissance Technologies LLC raised its position in Six Flags Entertainment Corporation New by 7,777.6% in the first quarter. Renaissance Technologies LLC now owns 772,000 shares of the company’s stock worth $45,926,000 after buying an additional 762,200 shares in the last quarter. William Blair Investment Management LLC raised its position in Six Flags Entertainment Corporation New by 9.4% in the first quarter. William Blair Investment Management LLC now owns 5,271,644 shares of the company’s stock worth $313,610,000 after buying an additional 452,974 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised 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 in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 54.32 on Friday. The firm has a 50 day moving average price of $57.57 and a 200 day moving average price of $59.52. The company has a market capitalization of $4.65 billion, a P/E ratio of 50.48 and a beta of 1.13. Six Flags Entertainment Corporation New has a one year low of $47.61 and a one year high of $65.19.

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

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A number of equities analysts have commented on SIX shares. Hilliard Lyons lowered Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $69.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Monday, May 1st. ValuEngine raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus began coverage on Six Flags Entertainment Corporation New in a research note on Thursday, April 20th. They set a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Finally, Wedbush cut their price target on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Six Flags Entertainment Corporation New currently has an average rating of “Hold” and an average price target of $66.55.

In related news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.90% of the stock is owned by company insiders.

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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