Insider Buying: Six Flags Entertainment (NYSE:FUN) Director Buys $47,750.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Marilyn Spiegel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $19.10 per share, with a total value of $47,750.00. Following the acquisition, the director owned 15,161 shares in the company, valued at $289,575.10. The trade was a 19.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Six Flags Entertainment Trading Down 0.9%

Shares of FUN opened at $20.32 on Friday. The business has a 50-day moving average of $18.89 and a 200 day moving average of $16.97. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $34.96. The firm has a market cap of $2.08 billion, a P/E ratio of -1.25 and a beta of 0.35. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake in Six Flags Entertainment by 36.1% in 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 period. Russell Investments Group Ltd. lifted its stake in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after acquiring an additional 586 shares during the period. Arizona State Retirement System lifted its stake in Six Flags Entertainment by 2.2% in the third quarter. Arizona State Retirement System now owns 28,421 shares of the company’s stock worth $646,000 after acquiring an additional 610 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in Six Flags Entertainment by 26.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after acquiring an additional 748 shares during the period. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Friday, May 8th. Citigroup lifted their target price on Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Truist Financial lifted their target price on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Oppenheimer reduced their target price on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.85.

Six Flags Entertainment Company Profile

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.