Rehan Jaffer Purchases 125,000 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 125,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the acquisition, the director directly owned 4,900,000 shares in the company, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 12th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $23.69 per share, for a total transaction of $2,961,250.00.

Six Flags Entertainment Stock Up 2.2%

FUN stock opened at $24.98 on Thursday. Six Flags Entertainment Corporation has a 52-week low of $12.51 and a 52-week high of $33.50. The company’s 50 day simple moving average is $20.33 and its 200-day simple moving average is $17.74. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $2.55 billion, a P/E ratio of -1.53 and a beta of 0.39.

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

Institutional Trading of Six Flags Entertainment

Several large investors have recently modified their holdings of FUN. CoreCap Advisors LLC boosted its holdings in shares of Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after buying an additional 975 shares during the period. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment in the first quarter valued at approximately $26,000. Danske Bank A S bought a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Six Flags Entertainment in the fourth quarter valued at approximately $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Six Flags Entertainment in the third quarter valued at approximately $30,000. 64.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FUN. The Goldman Sachs Group upped their price objective on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Mizuho upped their price objective on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Zacks Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Citigroup boosted their target price on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $18.00 target price on shares of Six Flags Entertainment in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and an average target price of $25.15.

About Six Flags Entertainment

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.