Six Flags Entertainment Corporation $FUN Shares Newly Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Six Flags Entertainment Corporation (NYSE:FUN) during the third quarter, Holdings Channel.com reports. The fund purchased 455,983 shares of the company’s stock, valued at approximately $4,884,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Six Flags Entertainment in the 2nd quarter valued at approximately $339,057,000. Kanen Wealth Management LLC purchased a new stake in shares of Six Flags Entertainment during the first quarter valued at $15,063,000. Bank of New York Mellon Corp acquired a new position in shares of Six Flags Entertainment in the second quarter valued at about $11,975,000. Jupiter Topco LLC acquired a new position in Six Flags Entertainment in the 2nd quarter worth approximately $10,348,000. Finally, Bank of America Corp DE purchased a new position in shares of Six Flags Entertainment during the second quarter worth $9,066,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Recent Six Flags Entertainment Headlines

These are some of the FUN headlines that stood out recently:

• 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. Chief procurement officer appointment
• Negative Sentiment: Pomerantz announced an investigation into potential investor claims involving Six Flags. This is an investigation, not a finding of wrongdoing, but adds legal uncertainty amid existing safety-related scrutiny. Pomerantz investigation announcement
• Negative Sentiment: Citigroup and JPMorgan cut their price targets, reflecting a more cautious outlook. Six Flags also reported a $366.1 million third-quarter net loss, largely driven by non-cash impairment charges; October attendance weakness and a reduced fourth-quarter EBITDA outlook add pressure. The company’s high debt is another key concern, despite improving free cash flow and same-park EBITDA. Q3 loss, operating trends and debt

Six Flags Entertainment Stock Performance

NYSE FUN opened at $11.27 on Friday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.46 and a current ratio of 0.52. Six Flags Entertainment Corporation has a fifty-two week low of $6.60 and a fifty-two week high of $26.28. The stock’s fifty day moving average is $10.69 and its two-hundred day moving average is $16.59. The firm has a market capitalization of $1.15 billion, a P/E ratio of -1.23 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($5.52). The firm had revenue of $1.17 billion for 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 quarter in the previous year, the business posted ($2.20) earnings per share. On average, research analysts anticipate that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Richard M. Haddrill bought 9,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were bought at an average price of $10.08 per share, with a total value of $90,720.00. Following the completion of the transaction, the insider directly owned 239,117 shares in the company, valued at $2,410,299.36. This trade represents a 3.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Lawrence Bennett acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $9.32 per share, for a total transaction of $46,600.00. Following the acquisition, the insider directly owned 51,697 shares in the company, valued at approximately $481,816.04. This trade represents a 10.71% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 1,464,000 shares of company stock valued at $15,066,320. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FUN has been the subject of several recent research reports. Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Citizens Jmp decreased their price target on shares of Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 22nd. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Stifel Nicolaus set a $15.00 price objective on Six Flags Entertainment in a research note on Thursday, November 5th. Finally, Mizuho set a $5.00 target price on Six Flags Entertainment in a report on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.85.

Six Flags Entertainment Profile

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.