Corsair Capital Management Lowers stake in Six Flags Entertainment Corp (SIX)

Six Flags Entertainment Corp (SIX) : Corsair Capital Management reduced its stake in Six Flags Entertainment Corp by 19.7% during the most recent quarter end. The investment management company now holds a total of 128,069 shares of Six Flags Entertainment Corp which is valued at $6,813,271 after selling 31,424 shares in Six Flags Entertainment Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Six Flags Entertainment Corp makes up approximately 1.01% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust boosted its stake in SIX in the latest quarter, The investment management firm added 807 additional shares and now holds a total of 879 shares of Six Flags Entertainment Corp which is valued at $46,763. Six Flags Entertainment Corp makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Bb&t Securities reduced its stake in SIX by selling 1,720 shares or 23.65% in the most recent quarter. The Hedge Fund company now holds 5,552 shares of SIX which is valued at $299,864.California State Teachers Retirement System reduced its stake in SIX by selling 1,461 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 151,335 shares of SIX which is valued at $8,278,025. Six Flags Entertainment Corp makes up approx 0.02% of California State Teachers Retirement System’s portfolio. Quadrant Capital Group added SIX to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $6,203.

Six Flags Entertainment Corp closed down -1.46 points or -2.76% at $51.52 with 18,36,665 shares getting traded on Monday. Post opening the session at $52.84, the shares hit an intraday low of $51.13 and an intraday high of $52.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Six Flags Entertainment Corp reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $407.07 million for the quarter, compared to analysts expectations of $409.30 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

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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