Richard Haddrill Purchases 10,000 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) insider Richard Haddrill purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the acquisition, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock traded up $0.77 during trading on Thursday, hitting $20.09. The stock had a trading volume of 1,536,985 shares, compared to its average volume of 2,134,636. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -1.23 and a beta of 0.35. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $38.27. The business’s 50-day moving average is $18.08 and its 200 day moving average is $17.16. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. The business had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. As a group, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.49 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Six Flags Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock valued at $228,739,000 after buying an additional 53,111 shares during the period. Morgan Stanley boosted its position in Six Flags Entertainment by 62.1% during the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after buying an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP boosted its position in Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after buying an additional 1,460,000 shares during the period. UBS Group AG boosted its position in Six Flags Entertainment by 533.4% during the fourth 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 during the period. Finally, Dendur Capital LP boosted its position in Six Flags Entertainment by 6.2% during the fourth 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 during the period. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Friday, May 8th. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research note on Friday, February 20th. Mizuho increased their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Citigroup increased their target price on Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Truist Financial increased their target price on Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.