Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Purchases 350,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 350,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average price of $11.09 per share, for a total transaction of $3,881,500.00. Following the purchase, the director owned 6,700,000 shares in the company, valued at $74,303,000. The trade was a 5.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 13th, Rehan Jaffer acquired 225,000 shares of Six Flags Entertainment stock. The stock was acquired at an average cost of $11.42 per share, with a total value of $2,569,500.00.
• On Thursday, November 12th, Rehan Jaffer acquired 250,000 shares of Six Flags Entertainment stock. The stock was acquired at an average cost of $11.18 per share, with a total value of $2,795,000.00.
• On Tuesday, November 10th, Rehan Jaffer acquired 400,000 shares of Six Flags Entertainment stock. The stock was acquired at an average price of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was acquired at an average price of $10.86 per share, with a total value of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer bought 700,000 shares of Six Flags Entertainment stock. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Stock Up 3.3%

Six Flags Entertainment stock traded up $0.37 during mid-day trading on Friday, hitting $11.56. 3,344,351 shares of the company’s stock were exchanged, compared to its average volume of 2,751,083. Six Flags Entertainment Corporation has a 1-year low of $6.60 and a 1-year high of $26.28. The stock has a 50 day moving average of $10.69 and a two-hundred day moving average of $16.59. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34. The stock has a market cap of $1.18 billion, a P/E ratio of -1.26 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.95% and a negative net margin of 31.91%. Six Flags Entertainment’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.20) EPS. As a group, analysts anticipate that Six Flags Entertainment Corporation will post -4.56 EPS for the current fiscal year.

More Six Flags Entertainment News

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

• Negative Sentiment: Fresh analyst target cuts lowered estimates of FUN’s fair value, suggesting weaker expectations for the shares. Six Flags Stock Fair Value Moves Lower After Analyst Target Cuts
• Negative Sentiment: Law firms announced investigations into potential securities-fraud claims following the stock’s decline. These are investigations, not findings of wrongdoing, but may add uncertainty. BFA Law Announces Six Flags Investigation
• 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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FUN. Oppenheimer decreased their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Zacks Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Truist Financial dropped 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 report on Thursday, September 10th. Guggenheim reduced their price objective 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, UBS Group decreased their price objective on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 16th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Hold” and an average price target of $14.85.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in FUN. BlackRock Inc. acquired a new position in shares of Six Flags Entertainment during the 2nd quarter worth about $339,057,000. Kanen Wealth Management LLC acquired a new stake in Six Flags Entertainment in the 1st quarter valued at approximately $15,063,000. Bank of New York Mellon Corp acquired a new stake in Six Flags Entertainment in the 2nd quarter valued at approximately $11,975,000. Jupiter Topco LLC acquired a new stake in Six Flags Entertainment in the 2nd quarter valued at approximately $10,348,000. Finally, Jefferies Financial Group Inc. bought a new position in Six Flags Entertainment in the 3rd quarter worth approximately $4,884,000. 64.65% of the stock is 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.