Jane Street Group LLC Has $72.67 Million Stock Position in Six Flags Entertainment Co. (NYSE:SIX)

Jane Street Group LLC lifted its stake in Six Flags Entertainment Co. (NYSE:SIX) by 112.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,761,099 shares of the company’s stock after buying an additional 1,458,984 shares during the period. Jane Street Group LLC’s holdings in Six Flags Entertainment were worth $72,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James & Associates grew its stake in Six Flags Entertainment by 3.2% during the fourth quarter. Raymond James & Associates now owns 25,627 shares of the company’s stock worth $643,000 after buying an additional 793 shares during the last quarter. Cerity Partners LLC raised its position in Six Flags Entertainment by 5.9% in the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock valued at $403,000 after purchasing an additional 895 shares during the last quarter. National Bank of Canada FI boosted its stake in Six Flags Entertainment by 527.2% in the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Six Flags Entertainment by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,702 shares of the company’s stock valued at $387,000 after buying an additional 1,146 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Six Flags Entertainment by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 63,143 shares of the company’s stock valued at $1,662,000 after buying an additional 1,266 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock traded down $1.14 on Wednesday, hitting $32.00. 16,922,500 shares of the company’s stock traded hands, compared to its average volume of 1,235,753. Six Flags Entertainment Co. has a one year low of $18.29 and a one year high of $34.06. The stock has a market capitalization of $2.70 billion, a PE ratio of 100.00 and a beta of 2.33. The firm’s 50-day moving average price is $29.62 and its two-hundred day moving average price is $26.70.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, meeting the consensus estimate of ($0.91). Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. The firm had revenue of $133.29 million for the quarter, compared to analyst estimates of $135.23 million. On average, analysts forecast that Six Flags Entertainment Co. will post 1.53 earnings per share for the current fiscal year.

Six Flags Entertainment Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 28th were paid a dividend of $1.53 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Insider Activity at Six Flags Entertainment

In related news, CAO Derek Sample sold 2,300 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $26.44, for a total value of $60,812.00. Following the completion of the sale, the chief accounting officer now owns 12,805 shares in the company, valued at approximately $338,564.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SIX. Deutsche Bank Aktiengesellschaft lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a research report on Friday, July 26th. They issued a “hold” rating for the company. Finally, B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $31.00 in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.91.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.