Mitsubishi UFJ Trust & Banking Corp Increases Stake in Six Flags Entertainment Co. (NYSE:SIX)

Mitsubishi UFJ Trust & Banking Corp Increases Stake in Six Flags Entertainment Co. (NYSE:SIX)

Updated: 2 months, 4 days, 23 hours, 19 minutes, 3 seconds ago

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Six Flags Entertainment Co. (NYSE:SIX – Get Rating) by 347.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,190 shares of the company’s stock after purchasing an additional 8,690 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Six Flags Entertainment were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SIX. Spire Wealth Management boosted its stake in shares of Six Flags Entertainment by 464.1% in the 2nd quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $27,000 after purchasing an additional 1,035 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Six Flags Entertainment by 644.3% in the 2nd quarter. Glassman Wealth Services now owns 1,310 shares of the company’s stock valued at $28,000 after purchasing an additional 1,134 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Six Flags Entertainment in the 1st quarter valued at $35,000. CWM LLC boosted its position in Six Flags Entertainment by 897.4% during the 2nd quarter. CWM LLC now owns 1,895 shares of the company’s stock valued at $41,000 after buying an additional 1,705 shares during the period. Finally, Captrust Financial Advisors boosted its position in Six Flags Entertainment by 58.9% during the 1st quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock valued at $55,000 after buying an additional 466 shares during the period. Hedge funds and other institutional investors own 92.10% of the company’s stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on SIX. StockNews.com began coverage on shares of Six Flags Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating for the company. KeyCorp cut shares of Six Flags Entertainment from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 12th. Credit Suisse Group dropped their price target on shares of Six Flags Entertainment to $39.00 in a research report on Wednesday, November 16th. Truist Financial dropped their price target on shares of Six Flags Entertainment from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Six Flags Entertainment from $32.00 to $29.00 in a research report on Friday, November 11th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and an average price target of $30.58.

Six Flags Entertainment Trading Up 1.4 %

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Insider Buying and Selling

Shares of NYSE SIX opened at $22.31 on Thursday. Six Flags Entertainment Co. has a 12 month low of $16.83 and a 12 month high of $47.24. The firm has a market capitalization of $1.86 billion, a PE ratio of 19.57 and a beta of 2.20. The firm has a fifty day simple moving average of $20.70 and a two-hundred day simple moving average of $23.22.

In other Six Flags Entertainment news, Director Arik W. Ruchim purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average cost of $23.89 per share, for a total transaction of $1,194,500.00. Following the purchase, the director now directly owns 10,550,000 shares in the company, valued at $252,039,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Six Flags Entertainment news, Director Arik W. Ruchim purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average cost of $23.89 per share, for a total transaction of $1,194,500.00. Following the purchase, the director now directly owns 10,550,000 shares in the company, valued at $252,039,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arik W. Ruchim purchased 400,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average price of $23.75 per share, with a total value of $9,500,000.00. Following the completion of the purchase, the director now owns 11,100,000 shares in the company, valued at $263,625,000. The disclosure for this purchase can be found here. Insiders acquired a total of 904,175 shares of company stock worth $21,049,899 in the last three months. 0.41% of the stock is owned by corporate insiders.

About Six Flags Entertainment

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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 also sells food, beverages, merchandise, and other products and services within its parks.

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