Rehan Jaffer Acquires 125,000 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 125,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $23.69 per share, for a total transaction of $2,961,250.00. Following the transaction, the director owned 4,775,000 shares of the company’s stock, valued at $113,119,750. The trade was a 2.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 15th, Rehan Jaffer bought 125,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00.

Six Flags Entertainment Stock Up 2.2%

Shares of NYSE FUN opened at $24.98 on Thursday. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $33.50. The firm’s 50 day moving average price is $20.33 and its 200 day moving average price is $17.74. The firm has a market cap of $2.55 billion, a P/E ratio of -1.53 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The firm had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. As a group, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC raised its stake in shares of Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares during the period. Atlas Wealth LLC purchased a new position in shares of Six Flags Entertainment in the 1st quarter valued at $26,000. Danske Bank A S purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at $28,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Six Flags Entertainment in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FUN shares. Mizuho increased their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Citigroup increased their price target on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. The Goldman Sachs Group increased their price target on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a research note on Friday, February 20th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and a consensus target price of $25.15.

About Six Flags Entertainment

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.