Six Flags Entertainment (NYSE:FUN) Stock: Insider Richard Haddrill Buys 9,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) insider Richard Haddrill acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $10.08 per share, for a total transaction of $90,720.00. Following the completion of the acquisition, the insider owned 239,117 shares of the company’s stock, valued at $2,410,299.36. This trade represents a 3.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Six Flags Entertainment Trading Up 9.8%

FUN opened at $11.15 on Thursday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -1.22 and a beta of 0.50. Six Flags Entertainment Corporation has a 12 month low of $6.60 and a 12 month high of $26.28. The firm’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $16.62. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. Six Flags Entertainment’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the company posted ($2.20) earnings per share. As a group, research analysts anticipate that Six Flags Entertainment Corporation will post -4.56 EPS for the current fiscal year.

Recent Six Flags Entertainment Headlines

Investors following FUN have been watching these headlines:

• Neutral Sentiment: Six Flags named Adam Boal chief procurement officer. The hire supports management’s cost-saving efforts, but its financial impact is not yet clear. Six Flags announcement
• Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citigroup lowered its target to $10 from $13; both maintained neutral ratings. The reductions reflect a more cautious outlook. JPMorgan target cut Citigroup target cut
• Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage

Analysts Set New Price Targets

FUN has been the subject of several recent research reports. Citizens Jmp reduced their price objective on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating for the company in a research report on Thursday, October 22nd. Oppenheimer dropped their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Mizuho set a $5.00 target price on Six Flags Entertainment in a research report on Wednesday, October 21st. Guggenheim cut their target price on Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Finally, Barclays reduced their price target on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and an average price target of $14.85.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Man Group plc acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth about $7,134,000. Legal & General Group Plc bought a new position in shares of Six Flags Entertainment in the 2nd quarter valued at about $4,808,000. Bank of America Corp DE bought a new position in shares of Six Flags Entertainment in the 2nd quarter valued at about $9,066,000. BlackRock Inc. acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $339,057,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $11,975,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and related resort properties. Its attractions include rides, live entertainment, family activities, dining and seasonal events, with access offered through single-day tickets, season passes and other guest programs. The company serves visitors across the United States, Canada and Mexico through parks that include properties formerly operated by both the Six Flags and Cedar Fair organizations. Six Flags Entertainment was formed when Cedar Fair and Six Flags combined in a merger completed in 2024.