Six Flags Entertainment Sees Unusually High Options Volume (NYSE:FUN)

Six Flags Entertainment Corporation (NYSE:FUN) was the target of some unusual options trading activity on Tuesday. Investors bought 3,322 put options on the stock. This represents an increase of 119% compared to the average daily volume of 1,515 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FUN. Citizens Jmp decreased their price target on Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th. Oppenheimer dropped their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $15.00 target price on shares of Six Flags Entertainment in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and an average target price of $20.54.

Insider Buying and Selling

In related news, CEO John Reilly acquired 15,713 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This represents a 5.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FUN. WINTON GROUP Ltd increased its holdings in Six Flags Entertainment by 22.9% in the 2nd quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock worth $5,154,000 after acquiring an additional 45,158 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Six Flags Entertainment in the 2nd quarter valued at $898,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at about $31,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Six Flags Entertainment in the 2nd quarter worth approximately $432,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Six Flags Entertainment in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment News Roundup

Here are the key news stories impacting Six Flags Entertainment this week:

• Negative Sentiment: One guest died and several others were reportedly injured during an incident involving the Goliath roller coaster at Six Flags Over Georgia. The tragedy is likely to increase reputational, legal and regulatory risks for Six Flags. Guest dies amid incident on Six Flags Over Georgia roller coaster
• Negative Sentiment: Reports indicate that Six Flags has temporarily closed certain rides at parks in the United States and Canada. A broader shutdown could reduce attendance and revenue while increasing inspection, maintenance and compliance costs. Six Flags Stock Heads for Lowest Close Since 2009
• Negative Sentiment: The incident pushed the stock toward its lowest level in a year, with reports describing the decline as the sharpest reversal following the prior session’s regular-hours gain. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Neutral Sentiment: Options activity was unusually bearish: traders bought 3,322 put contracts, 119% above the average daily volume. This signals increased demand for downside protection or speculative bets, but does not by itself establish the company’s future performance.
• Negative Sentiment: The safety concerns arrive as Six Flags has limited financial flexibility. The company recently missed quarterly earnings and revenue expectations, reported year-over-year revenue declines and remains loss-making, leaving less cushion to absorb prolonged closures or incident-related expenses.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock traded down $1.98 on Tuesday, hitting $9.95. The company’s stock had a trading volume of 6,856,799 shares, compared to its average volume of 2,243,698. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -0.57 and a beta of 0.45. Six Flags Entertainment has a 1 year low of $9.86 and a 1 year high of $27.37. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a fifty day moving average price of $14.26 and a 200-day moving average price of $17.86.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). The business had revenue of $864.92 million for the quarter, compared to analysts’ expectations of $928.36 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, sell-side analysts anticipate that Six Flags Entertainment will post -0.91 earnings per share for the current fiscal year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.