Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Buys 125,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of $23.69 per share, with a total value of $2,961,250.00. Following the completion of the acquisition, the director owned 4,775,000 shares of the company’s stock, valued at $113,119,750. The trade was a 2.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rehan Jaffer also recently made the following trade(s):

• On Monday, June 15th, Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $23.41 per share, for a total transaction of $2,926,250.00.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN traded up $0.96 during trading on Tuesday, hitting $24.30. The company had a trading volume of 1,497,143 shares, compared to its average volume of 2,107,627. The stock has a 50 day simple moving average of $20.04 and a 200 day simple moving average of $17.60. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $33.50. The firm has a market capitalization of $2.48 billion, a P/E ratio of -1.49 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The firm had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. As a group, analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUN. CoreCap Advisors LLC raised its stake in Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares during the last quarter. Atlas Wealth LLC purchased a new stake in Six Flags Entertainment in the first quarter valued at about $26,000. Danske Bank A S purchased a new stake in Six Flags Entertainment in the third quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Six Flags Entertainment in the fourth quarter valued at about $28,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Six Flags Entertainment in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho boosted their price objective on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Truist Financial lifted their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday. Zacks Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Guggenheim decreased their price objective on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 13th. Finally, Oppenheimer decreased their price objective on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $25.15.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.