Six Flags Entertainment (NYSE:FUN) Director Purchases $3,801,000.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 350,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average cost of $10.86 per share, for a total transaction of $3,801,000.00. Following the purchase, the director directly owned 5,950,000 shares in the company, valued at $64,617,000. This trade represents a 6.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.32 per share, for a total transaction of $4,128,000.00.
• On Friday, November 6th, Rehan Jaffer purchased 700,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Price Performance

NYSE FUN traded down $0.64 on Tuesday, hitting $10.12. The company had a trading volume of 4,635,647 shares, compared to its average volume of 2,729,641. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The company’s fifty day moving average price is $10.94 and its 200-day moving average price is $16.69. The company has a market capitalization of $1.04 billion, a PE ratio of -1.11 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.

Six Flags Entertainment (NYSE:FUN) last posted 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business earned ($2.20) earnings per share. As a group, analysts predict that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUN. Atlas Wealth LLC purchased a new position in shares of Six Flags Entertainment in the first quarter worth about $26,000. Integrated Wealth Concepts LLC acquired a new position in Six Flags Entertainment during the second quarter worth about $31,000. Allworth Financial LP purchased a new stake in Six Flags Entertainment during the 2nd quarter valued at about $35,000. Sterling Capital Management LLC grew its stake in Six Flags Entertainment by 846.3% during the 3rd quarter. Sterling Capital Management LLC now owns 3,227 shares of the company’s stock valued at $35,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FUN shares. Mizuho set a $5.00 price target on shares of Six Flags Entertainment in a research report on Wednesday, October 21st. Barclays decreased their price target on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price objective on shares of Six Flags Entertainment in a report on Friday. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, Oppenheimer cut their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.85.

Key Six Flags Entertainment News

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Two insiders bought shares on November 6: Richard Haddrill acquired 9,000 shares for about $90,720, and Christopher Lawrence Bennett bought 5,000 shares for $46,600. The purchases may signal confidence in the company. Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: A securities law firm is investigating whether Six Flags made misleading statements about safety, maintenance and ride reliability after safety issues and a prior sharp stock decline. The investigation is not a finding of wrongdoing, but adds legal and reputational uncertainty. Investigation announcement
• Negative Sentiment: Analysts lowered price targets while keeping neutral ratings: JPMorgan cut its target from $22 to $12, and Citigroup reduced its target from $13 to $10. The revisions indicate diminished expectations for the shares. JPMorgan rating information Citigroup rating information
• Negative Sentiment: Six Flags reported a steep quarterly loss: EPS of -$3.59 missed the $1.93 consensus, while revenue fell 11% year over year to $1.17 billion. The earnings shortfall and declining revenue weigh on the outlook. Q3 results presentation
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants—about $5 billion—and plans to sell additional parks to reduce it. Debt reduction could help, but the burden and planned asset sales highlight balance-sheet pressure. Debt and park-sale report

Six Flags Entertainment Company 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.