Brant Point Investment Management buys $12.5 Million stake in Six Flags Entertainment Corp (SIX)

Six Flags Entertainment Corp (SIX) : Brant Point Investment Management scooped up 113,500 additional shares in Six Flags Entertainment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 216,300 shares of Six Flags Entertainment Corp which is valued at $12.5 Million.Six Flags Entertainment Corp makes up approximately 2.59% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Westfield Capital Management Co Lp reduced its stake in SIX by selling 152,170 shares or 12.23% in the most recent quarter. The Hedge Fund company now holds 1,091,963 shares of SIX which is valued at $63.3 Million. Six Flags Entertainment Corp makes up approx 0.49% of Westfield Capital Management Co Lp’s portfolio.Rs Investment Management Co reduced its stake in SIX by selling 196,107 shares or 16.21% in the most recent quarter. The Hedge Fund company now holds 1,013,653 shares of SIX which is valued at $58.8 Million. Six Flags Entertainment Corp makes up approx 0.59% of Rs Investment Management Co’s portfolio.Blackrock Group Ltd boosted its stake in SIX in the latest quarter, The investment management firm added 13,658 additional shares and now holds a total of 54,981 shares of Six Flags Entertainment Corp which is valued at $3.2 Million.Cambridge Investment Research Advisors reduced its stake in SIX by selling 1,656 shares or 6.66% in the most recent quarter. The Hedge Fund company now holds 23,214 shares of SIX which is valued at $1.4 Million. Six Flags Entertainment Corp makes up approx 0.03% of Cambridge Investment Research Advisors’s portfolio.

Six Flags Entertainment Corp closed down -0.66 points or -1.11% at $58.59 with 6,32,171 shares getting traded on Wednesday. Post opening the session at $59.15, the shares hit an intraday low of $58.53 and an intraday high of $59.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Six Flags Entertainment Corp reported $-0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.71. The company had revenue of $115.00 million for the quarter, compared to analysts expectations of $96.02 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.75 EPS.

Many Wall Street Analysts have commented on Six Flags Entertainment Corp. Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $64 .Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .Company shares were Upgraded by FBR Capital on Apr 1, 2016 to ” Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these 16 are located in the United States one is located in Mexico City Mexico and one is located in Montreal Canada. Its parks generally offer a selection of thrill rides water attractions themed areas concerts and shows restaurants game venues and retail outlets. The Company’s parks offer approximately 800 rides including over 130 roller coasters. Its parks include Six Flags America Six Flags Discovery Kingdom Six Flags Fiesta Texas Six Flags Great Adventure & Safari Six Flags Great America Six Flags St. Louis Six Flags Magic Mountain Six Flags Mexico Six Flags New England Six Flags Over Georgia Six Flags Whitewater Atlanta Six Flags Over Texas La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.

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