Hourglass Capital buys $10,098,381 stake in Six Flags Entertainment Corp (SIX)

Six Flags Entertainment Corp (SIX) : Hourglass Capital scooped up 4,950 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 10, 2016. The investment management firm now holds a total of 174,080 shares of Six Flags Entertainment Corp which is valued at $10,098,381.Six Flags Entertainment Corp makes up approximately 2.68% of Hourglass Capital’s portfolio.

Other Hedge Funds, Including , 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 $3,189,448. Hwg Holdings Lp sold out all of its stake in SIX during the most recent quarter. The investment firm sold 50,022 shares of SIX which is valued $2,921,785.California Public Employees Retirement System boosted its stake in SIX in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 282,500 shares of Six Flags Entertainment Corp which is valued at $16,500,825. Six Flags Entertainment Corp makes up approx 0.03% of California Public Employees Retirement System’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in SIX by selling 6,130 shares or 6.56% in the most recent quarter. The Hedge Fund company now holds 87,290 shares of SIX which is valued at $5,098,609. Six Flags Entertainment Corp makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.Three Peaks Capital Management boosted its stake in SIX in the latest quarter, The investment management firm added 12,210 additional shares and now holds a total of 102,858 shares of Six Flags Entertainment Corp which is valued at $6,007,936. Six Flags Entertainment Corp makes up approx 1.09% of Three Peaks Capital Management’s portfolio.

Six Flags Entertainment Corp opened for trading at $57.89 and hit $58.67 on the upside on Monday, eventually ending the session at $58.31, with a gain of 0.52% or 0.3 points. The heightened volatility saw the trading volume jump to 6,40,496 shares. Company has a market cap of $5,439 M.

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.

Investors should note that on May 5, 2016, Six Flags Entertainment Corp announced a cash dividend of $0.5800. The company’s management has announced May 24, 2016 as the ex-dividend date and fixed the record date on May 26, 2016. The payable date has been fixed on Jun 13, 2016.

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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