Brookstone Capital Management Has $347,000 Stake in Six Flags Entertainment Corporation New (SIX)

Brookstone Capital Management increased its stake in Six Flags Entertainment Corporation New (NYSE:SIX) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,700 shares of the company’s stock after acquiring an additional 1,049 shares during the period. Brookstone Capital Management’s holdings in Six Flags Entertainment Corporation New were worth $347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Six Flags Entertainment Corporation New by 9.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,421 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Six Flags Entertainment Corporation New in the second quarter valued at $255,000. TD Asset Management Inc. raised its stake in Six Flags Entertainment Corporation New by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after buying an additional 59 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Six Flags Entertainment Corporation New by 542.2% in the second quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after buying an additional 661,690 shares in the last quarter. Finally, Jackson Wealth Management LLC raised its stake in Six Flags Entertainment Corporation New by 10.8% in the second quarter. Jackson Wealth Management LLC now owns 26,526 shares of the company’s stock valued at $1,508,000 after buying an additional 2,579 shares in the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

Six Flags Entertainment Corporation New (SIX) opened at $63.80 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. Six Flags Entertainment Corporation New has a twelve month low of $51.25 and a twelve month high of $65.19. The stock has a market capitalization of $5,350.00, a PE ratio of 30.53, a P/E/G ratio of 3.82 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. The firm had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. analysts expect that Six Flags Entertainment Corporation New will post 2.09 EPS for the current year.

A number of research firms have weighed in on SIX. Macquarie cut Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Thursday, October 12th. Zacks Investment Research cut Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, July 19th. Finally, KeyCorp began coverage on Six Flags Entertainment Corporation New in a research note on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Six Flags Entertainment Corporation New presently has an average rating of “Buy” and a consensus price target of $67.00.

In related news, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the transaction, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.90% of the stock is currently owned by company insiders.

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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.

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

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