Six Flags Entertainment (NYSE:FUN) Insider Richard Haddrill Purchases 9,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) insider Richard Haddrill bought 9,000 shares of the stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $10.08 per share, for a total transaction of $90,720.00. Following the acquisition, the insider directly owned 239,117 shares in the company, valued at approximately $2,410,299.36. The trade was a 3.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN traded down $0.64 during mid-day trading on Tuesday, hitting $10.12. The company had a trading volume of 4,627,306 shares, compared to its average volume of 2,729,617. The business’s 50-day simple moving average is $10.94 and its 200-day simple moving average is $16.69. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. Six Flags Entertainment Corporation has a 12 month low of $6.60 and a 12 month high of $26.28. The firm has a market cap of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($5.52). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned ($2.20) EPS. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, analysts predict that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of FUN. Maryland State Retirement & Pension System lifted its stake in Six Flags Entertainment by 53.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock valued at $244,000 after acquiring an additional 7,940 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Six Flags Entertainment in the third quarter valued at $4,884,000. Lido Advisors LLC acquired a new stake in Six Flags Entertainment in the 3rd quarter valued at about $1,022,000. State of Wyoming boosted its stake in shares of Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock worth $360,000 after acquiring an additional 7,194 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Six Flags Entertainment by 138.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock worth $519,000 after purchasing an additional 28,200 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

FUN has been the topic of several recent research reports. Stifel Nicolaus set a $15.00 price target on Six Flags Entertainment in a report on Thursday. Citizens Jmp reduced their price target on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Citigroup decreased their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. Finally, Truist Financial cut their target price on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Six Flags Entertainment has a consensus rating of “Hold” and an average price target of $14.85.

Key Six Flags Entertainment News

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

• Positive Sentiment: Insider Christopher Lawrence Bennett bought 5,000 shares for about $46,600, increasing his stake by 10.71%. The purchase may indicate confidence in the company. SEC filing
• Negative Sentiment: A securities law firm announced an investigation into potential securities fraud related to company statements about safety, maintenance, and ride reliability. This is an investigation, not a finding of wrongdoing, but could bring legal and reputational risks. Investigation announcement
• Negative Sentiment: JPMorgan lowered its price target to $12 from $22 and kept a neutral rating; Citi cut its target to $10 from $13, also maintaining a neutral rating. The reductions signal more cautious expectations. JPMorgan rating information Citi rating information
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants, with about $5 billion outstanding, and plans to sell additional parks to reduce it. The debt burden and prospective asset sales highlight balance-sheet pressure. Debt and park sales report

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.