Six Flags Entertainment (NYSE:FUN) Director Buys $7,000,000.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 700,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $7,000,000.00. Following the completion of the purchase, the director owned 5,600,000 shares of the company’s stock, valued at $56,000,000. This trade represents a 14.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer purchased 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $10.86 per share, with a total value of $3,801,000.00.

Six Flags Entertainment Trading Down 5.9%

FUN traded down $0.64 during trading on Tuesday, hitting $10.12. 4,635,647 shares of the stock traded hands, compared to its average volume of 2,729,641. The firm has a market capitalization of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. Six Flags Entertainment Corporation has a 12-month low of $6.60 and a 12-month high of $26.28. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The firm has a 50-day moving average of $10.94 and a 200 day moving average of $16.69.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. Six Flags Entertainment’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.20) EPS. Equities research analysts anticipate that Six Flags Entertainment Corporation will post -0.91 EPS for the current year.

Wall Street Analyst Weigh In

FUN has been the topic of a number of research analyst reports. Stifel Nicolaus set a $15.00 price target on Six Flags Entertainment in a report on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price objective on shares of Six Flags Entertainment in a report on Friday. Barclays dropped their price objective on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, UBS Group reduced their target price on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Six 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.85.

Six Flags Entertainment News Summary

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

• Positive Sentiment: Two insiders bought shares on November 6: Richard Haddrill acquired 9,000 shares for about $90,720, and Christopher Lawrence Bennett bought 5,000 shares for $46,600. The purchases may signal confidence in the company. Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: A securities law firm is investigating whether Six Flags made misleading statements about safety, maintenance and ride reliability after safety issues and a prior sharp stock decline. The investigation is not a finding of wrongdoing, but adds legal and reputational uncertainty. Investigation announcement
• Negative Sentiment: Analysts lowered price targets while keeping neutral ratings: JPMorgan cut its target from $22 to $12, and Citigroup reduced its target from $13 to $10. The revisions indicate diminished expectations for the shares. JPMorgan rating information Citigroup rating information
• Negative Sentiment: Six Flags reported a steep quarterly loss: EPS of -$3.59 missed the $1.93 consensus, while revenue fell 11% year over year to $1.17 billion. The earnings shortfall and declining revenue weigh on the outlook. Q3 results presentation
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants—about $5 billion—and plans to sell additional parks to reduce it. Debt reduction could help, but the burden and planned asset sales highlight balance-sheet pressure. Debt and park-sale report

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently bought and sold shares of FUN. Atlas Wealth LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at approximately $26,000. Integrated Wealth Concepts LLC purchased a new position in shares of Six Flags Entertainment during the 2nd quarter worth approximately $31,000. Allworth Financial LP bought a new position in shares of Six Flags Entertainment in the 2nd quarter worth approximately $35,000. Public Employees Retirement System of Ohio raised its position in shares of Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Six Flags Entertainment in the 2nd quarter worth approximately $54,000. 64.65% of the stock is owned by institutional investors.

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.