Six Flags Entertainment (NYSE:FUN) Director Buys 225,000 Shares of Company Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 225,000 shares of Six Flags Entertainment stock in a transaction dated Friday, November 13th. The stock was bought at an average cost of $11.42 per share, for a total transaction of $2,569,500.00. Following the completion of the purchase, the director directly owned 7,175,000 shares in the company, valued at approximately $81,938,500. This trade represents a 3.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, November 12th, Rehan Jaffer purchased 250,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $11.18 per share, with a total value of $2,795,000.00.
• On Wednesday, November 11th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $11.09 per share, for a total transaction of $3,881,500.00.
• On Tuesday, November 10th, Rehan Jaffer acquired 400,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $10.32 per share, for a total transaction of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer bought 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $10.86 per share, for a total transaction of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer bought 700,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Trading Up 3.3%

Six Flags Entertainment stock traded up $0.37 during midday trading on Friday, reaching $11.56. 3,344,351 shares of the stock traded hands, compared to its average volume of 2,751,083. The company has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $16.59. Six Flags Entertainment Corporation has a 12-month low of $6.60 and a 12-month high of $26.28. The firm has a market cap of $1.18 billion, a PE ratio of -1.26 and a beta of 0.50. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the company earned ($2.20) earnings per share. Research analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FUN. Stifel Nicolaus set a $15.00 target price on shares of Six Flags Entertainment in a research note on Thursday, November 5th. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Citizens Jmp decreased their price target on shares of Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating for the company in a research report on Thursday, October 22nd. Guggenheim dropped their price target on shares of Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Finally, Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Hold” and an average target price of $14.85.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of FUN. Winslow Asset Management Inc. boosted its stake in shares of Six Flags Entertainment by 25.2% in the 3rd quarter. Winslow Asset Management Inc. now owns 15,885 shares of the company’s stock valued at $170,000 after buying an additional 3,200 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Six Flags Entertainment by 53.4% during the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after buying an additional 7,940 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Six Flags Entertainment during the third quarter worth approximately $4,884,000. Lido Advisors LLC purchased a new stake in shares of Six Flags Entertainment during the third quarter worth approximately $1,022,000. Finally, State of Wyoming increased its stake in shares of Six Flags Entertainment by 27.3% during the third quarter. State of Wyoming now owns 33,581 shares of the company’s stock worth $360,000 after buying an additional 7,194 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment News Summary

Here’s some of the latest news about FUN:

• Positive Sentiment: Six Flags directors bought roughly $15 million of shares near $10 each. The purchases helped prompt a gap higher in the stock and may signal confidence from insiders, though they do not eliminate the company’s financial risks. Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
• Neutral Sentiment: The company appointed Adam Boal as chief procurement officer; the announcement did not include details indicating a near-term financial impact. Six Flags Announces Appointment of Adam Boal
• Negative Sentiment: Six Flags reported a $366.1 million third-quarter loss, largely tied to impairments, while debt remains a concern. Same-park EBITDA and free cash flow improved, offering some counterbalance to the weak headline result. Six Flags Q3 Loss and Insider Buying

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.