Great West Life Assurance Co. Can Makes New Investment in Six Flags Entertainment Co. (NYSE: SIX)

Great West Life Assurance Co. Can bought a new position in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) in the third quarter, according to its latest SEC disclosure. The company purchased 83,602 shares of the company, valued at approximately $1,479,000. Great West Life Assurance Co. Can owned approximately 0.10% of Six Flags Entertainment when it last filed with the SEC.

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A number of other hedge funds and other institutional investors also changed their holdings in SIX. Spire Wealth Management increased its equity stake in Six Flags Entertainment by 464.1% in Q2. Spire Wealth Management now owns 1,258 shares of the company worth $27,000 after acquiring 1,035 additional shares in the last quarter. Glassman Wealth Services increased its holdings of Six Flags Entertainment stock by 644.3% in Q2. Glassman Wealth Services now owns 1,310 shares of the company worth $28,000 after purchasing 1,134 additional shares during the period. Captrust Financial Advisors increased its holdings of Six Flags Entertainment stock by 34.0% during the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company worth $37,000 after purchasing an additional 428 shares during the period. CWM LLC increased its holdings of Six Flags Entertainment stock by 897.4% during Q2. CWM LLC now owns 1,895 shares of the company worth $41,000 after purchasing an additional 1,705 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Six Flags Entertainment during Q1 worth $77,000. 92.11% of the shares are held by institutional investors and hedge funds.

Insiders place their bets

Separately, CFO Gary Mick bought 2,250 shares in a trade on Wednesday, December 14. The shares were purchased at an average cost of $21.94 per share, for a total transaction of $49,365.00. Following the purchase, the CFO now owns 54,425 shares of the company, valued at approximately $1,194,084.50. The acquisition was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Separately, CFO Gary Mick bought 2,250 shares in a trade on Wednesday, December 14. The shares were purchased at an average cost of $21.94 per share, for a total transaction of $49,365.00. Following the purchase, the CFO now owns 54,425 shares of the company, valued at approximately $1,194,084.50. The acquisition was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, major shareholder Rehan Jaffer purchased 50,000 shares in a transaction on Tuesday, November 22. The stock was purchased at an average price of $21.79 per share, for a total transaction of $1,089,500.00. Following the completion of the purchase, the insider now directly owns 11,400,000 shares of the company, valued at approximately $248,406,000. Disclosure of this purchase can be found here. Insiders purchased a total of 708,750 shares of the company valued at $16,551,675 during the last quarter. Insiders of the company hold 0.41% of the shares of the company.

Analysts set new price targets

A number of stock analysts have weighed in on the company recently. Oppenheimer lowered his price target on Six Flags Entertainment to $27.00 in a Tuesday, November 15 report. StockNews.com began covering Six Flags Entertainment in a report on Wednesday, October 12. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered its target price on Six Flags Entertainment from $32.00 to $29.00 in a Friday, November 11 report. Stifel Nicolaus lowered his target price on Six Flags Entertainment from $30.00 to $27.00 in a Friday, November 11 report. Finally, William Blair upgraded Six Flags Entertainment from an “outperforming” rating to a “market performing” rating and raised its price target for the company from $22.00 to $47.00 in a report. Friday, November 11. Seven analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.27.

Six Flags Entertainment stock up 0.4%

SIX opened at $27.26 on Monday. The company has a market capitalization of $2.27 billion, a price-earnings ratio of 23.91 and a beta of 2.14. Six Flags Entertainment Co. has a 52-week minimum of $16.83 and a 52-week maximum of $47.24. The company’s 50-day moving average is $23.84 and its two-hundred-day moving average is $22.61.

Six Flags Entertainment (NYSE:SIX – Get Rating) last released its quarterly results on Thursday, November 10. The company reported EPS of $1.39 for the quarter, missing the consensus estimate of $1.65 per ($0.26). The company posted revenue of $504.83 million for the quarter, versus analyst estimates of $565.40 million. Six Flags Entertainment had a negative return on equity of 10.56% and a net margin of 6.71%. Stock analysts expect Six Flags Entertainment Co. to post EPS of 1.51 for the current fiscal year.

About Six Flags Entertainment

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Six Flags Entertainment Corp. operates theme parks. It operates under the Six Flags brand, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game rooms and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is based in Arlington, TX.

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