Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Buys 700,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 700,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of $10.00 per share, with a total value of $7,000,000.00. Following the acquisition, the director directly owned 5,600,000 shares in the company, valued at approximately $56,000,000. The trade was a 14.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 10th, Rehan Jaffer acquired 400,000 shares of Six Flags Entertainment stock. The shares were bought at an average cost of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $10.86 per share, for a total transaction of $3,801,000.00.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $10.12 on Wednesday. The company has a market cap of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. The firm’s fifty day moving average price is $10.84 and its two-hundred day moving average price is $16.65. Six Flags Entertainment Corporation has a one year low of $6.60 and a one year high of $26.28. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing the consensus estimate of $1.93 by ($5.52). Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted ($2.20) EPS. The business’s quarterly revenue was down 11.0% on a year-over-year basis. Equities analysts expect that Six Flags Entertainment Corporation will post -2.79 earnings per share for the current year.

Six Flags Entertainment News Summary

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

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares across three transactions on November 6, 9 and 10, investing about $14.9 million and increasing his holdings to 6.35 million shares. Other insiders also reported purchases, including Richard Haddrill (9,000 shares) and Christopher Lawrence Bennett (5,000 shares). These buys may signal confidence, though they do not offset the company’s operating and legal risks. Jaffer SEC filing Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: Two law firms announced investigations into possible securities-law violations tied to statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but may add legal and reputational uncertainty after reported safety concerns. BFA Law investigation announcement Pomerantz investigation announcement
• Negative Sentiment: Recent quarterly results showed a steep earnings miss: Six Flags reported a loss of $3.59 per share versus consensus expectations for $1.93 in earnings. Revenue slightly topped estimates but fell 11% year over year, underscoring ongoing operating challenges.
• Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citi lowered its target to $10 from $13; both kept neutral ratings. The significant reductions suggest analysts have tempered their outlook. JPMorgan rating information Citi rating information
• Negative Sentiment: Reports have also highlighted roughly $5 billion in debt and plans to sell parks to reduce it, pointing to balance-sheet pressure and potential changes to the company’s portfolio. Report on debt and planned park sales

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FUN. Truist Financial reduced their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Mizuho set a $5.00 target price on Six Flags Entertainment in a research note on Wednesday, October 21st. Citigroup lowered their target price on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price target on Six Flags Entertainment from $22.00 to $12.00 and set a “neutral” rating for the company in a report on Monday. Finally, UBS Group reduced their price target on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.85.

Institutional Trading of Six Flags Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth approximately $7,134,000. Legal & General Group Plc acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $4,808,000. Bank of America Corp DE acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $9,066,000. BlackRock Inc. acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $339,057,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $11,975,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

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.