Insider Buying: Six Flags Entertainment (NYSE:FUN) CEO Purchases $248,265.40 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) CEO John Reilly acquired 15,713 shares of the stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. This represents a 5.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $16.35 on Friday. 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 firm has a market cap of $1.67 billion, a price-to-earnings ratio of -0.94 and a beta of 0.40. The company has a 50 day moving average price of $19.78 and a 200-day moving average price of $18.82. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $27.37.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUN. BlackRock Inc. acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $339,057,000. Morgan Stanley raised its position in shares of Six Flags Entertainment by 62.1% during the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after purchasing an additional 3,629,445 shares during the last quarter. Darlington Partners Capital Management LP raised its position in shares of Six Flags Entertainment by 20.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after purchasing an additional 1,460,000 shares during the last quarter. UBS Group AG lifted its stake in Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after buying an additional 4,446,104 shares in the last quarter. Finally, Dendur Capital LP lifted its stake in Six Flags Entertainment by 6.2% in the 4th quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after buying an additional 290,000 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FUN has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. The Goldman Sachs Group set a $15.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Truist Financial lifted their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Northcoast Research began coverage on Six Flags Entertainment in a report on Wednesday, July 8th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus set a $23.00 price target on Six Flags Entertainment in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus price target of $21.93.

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.