Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Purchases 400,000 Shares of Company Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 400,000 shares of the stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average price of $10.32 per share, with a total value of $4,128,000.00. Following the completion of the purchase, the director owned 6,350,000 shares of the company’s stock, valued at $65,532,000. This represents a 6.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 9th, Rehan Jaffer purchased 350,000 shares of Six Flags Entertainment stock. The stock was acquired at an average cost of $10.86 per share, with a total value of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer purchased 700,000 shares of Six Flags Entertainment stock. The shares were bought at an average price of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Stock Down 5.9%

Shares of NYSE FUN opened at $10.12 on Wednesday. The firm’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $16.65. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -1.11 and a beta of 0.50. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 43.34. 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 for the quarter, missing the consensus estimate of $1.93 by ($5.52). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. The company’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.20) EPS. On average, research analysts expect that Six Flags Entertainment Corporation will post -2.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial decreased their price target on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Barclays dropped their price objective on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Zacks Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Mizuho set a $5.00 price objective on Six Flags Entertainment in a report on Wednesday, October 21st. Finally, Citizens Jmp decreased their price objective on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Six equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.85.

Six Flags Entertainment News Roundup

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

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its holdings in Six Flags Entertainment by 53.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after purchasing an additional 7,940 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Six Flags Entertainment during the 3rd quarter valued at about $4,884,000. Lido Advisors LLC acquired a new position in Six Flags Entertainment during the 3rd quarter valued at about $1,022,000. State of Wyoming boosted its stake in shares of Six Flags Entertainment by 27.3% in the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock valued at $360,000 after purchasing an additional 7,194 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Six Flags Entertainment by 138.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock valued at $519,000 after purchasing an additional 28,200 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

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.