Insider Buying: Six Flags Entertainment (NYSE:FUN) Insider Buys $46,600.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) insider Christopher Lawrence Bennett bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $9.32 per share, for a total transaction of $46,600.00. Following the transaction, the insider owned 51,697 shares of the company’s stock, valued at approximately $481,816.04. This represents a 10.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN opened at $11.15 on Thursday. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46. The business’s 50 day moving average price is $10.77 and its 200-day moving average price is $16.62. The firm has a market capitalization of $1.14 billion, a PE ratio of -1.22 and a beta of 0.50. Six Flags Entertainment Corporation has a 1 year low of $6.60 and a 1 year high of $26.28.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted ($2.20) earnings per share. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, equities research analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Key Six Flags Entertainment News

These are some of the FUN news items that stood out recently:

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares for about $14.9 million over several days, while Executive Chairman Richard Haddrill and Chief Legal Officer Christopher Bennett also purchased shares. The sizeable insider purchases could signal confidence in the company’s prospects, though they do not remove its business risks. Insider buying report
• Negative Sentiment: Law firms announced investigations into possible securities-law violations related to company statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but add legal and reputational uncertainty. BFA Law investigation notice Pomerantz investigation notice
• Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FUN shares. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Citigroup reduced their target price on shares of Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings raised shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Citizens Jmp decreased their price target on shares of Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 22nd. Finally, Guggenheim lowered their price target on shares of Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.85.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of FUN. Atlas Wealth LLC acquired a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $26,000. Integrated Wealth Concepts LLC purchased a new position in Six Flags Entertainment in the second quarter worth approximately $31,000. Allworth Financial LP purchased a new position in Six Flags Entertainment in the second quarter worth approximately $35,000. Public Employees Retirement System of Ohio increased its stake in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment during the second quarter worth $54,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.