Six Flags Entertainment (NYSE:FUN) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

Six Flags Entertainment Corporation (NYSE:FUN) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.77 and traded as high as $11.30. Six Flags Entertainment shares last traded at $11.1510, with a volume of 5,201,008 shares traded.

Trending Headlines about Six Flags Entertainment

Here are a few of the latest headlines about FUN:

• Positive Sentiment: Director Rehan Jaffer bought 825,000 shares across November 11–13 for a combined approximately $9.25 million, increasing his stake. Such sizable insider purchases may signal confidence in the company’s prospects. SEC filing
• Neutral Sentiment: Six Flags reported a $366.1 million third-quarter loss, largely tied to impairments, but same-park EBITDA and free cash flow improved. The mixed operating picture is set against elevated debt. Six Flags Q3 results and insider buying
• Negative Sentiment: Fresh analyst target cuts lowered estimates of Six Flags’ fair value, which could constrain investor optimism. Analyst target cuts

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays lowered their price objective on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. UBS Group cut their target price on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Six Flags Entertainment from $22.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. Oppenheimer lowered their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $15.00 price target on shares of Six Flags Entertainment in a research report on Thursday, November 5th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.85.

Six Flags Entertainment Stock Up 3.3%

The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $16.59. The firm has a market cap of $1.18 billion, a P/E ratio of -1.26 and a beta of 0.50. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm earned ($2.20) earnings per share. Six Flags Entertainment’s revenue was down 11.0% on a year-over-year basis. As a group, research analysts forecast that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Rehan Jaffer acquired 225,000 shares of the business’s stock in a transaction that occurred on Friday, November 13th. The stock was bought at an average price of $11.42 per share, with a total value of $2,569,500.00. Following the completion of the acquisition, the director directly owned 7,175,000 shares of the company’s stock, valued at approximately $81,938,500. The trade was a 3.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard M. Haddrill acquired 9,000 shares of Six Flags Entertainment stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $10.08 per share, with a total value of $90,720.00. Following the transaction, the insider owned 239,117 shares of the company’s stock, valued at $2,410,299.36. The trade was a 3.91% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 2,289,000 shares of company stock valued at $24,312,320. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FUN. Caxton Associates LLP bought a new position in shares of Six Flags Entertainment in the 3rd quarter worth approximately $144,000. Winslow Asset Management Inc. boosted its holdings in shares of Six Flags Entertainment by 25.2% in the third quarter. Winslow Asset Management Inc. now owns 15,885 shares of the company’s stock worth $170,000 after buying an additional 3,200 shares during the last quarter. Maryland State Retirement & Pension System grew its position in 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 valued at $244,000 after buying an additional 7,940 shares during the period. Jefferies Financial Group Inc. bought a new stake in Six Flags Entertainment during the third quarter valued at approximately $4,884,000. Finally, Lido Advisors LLC purchased a new stake in Six Flags Entertainment during the third quarter valued at approximately $1,022,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.