Six Flags Entertainment (NYSE:FUN) Director Purchases $2,926,250.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 125,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the completion of the transaction, the director directly owned 4,900,000 shares of the company’s stock, valued at $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, June 12th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $23.69 per share, with a total value of $2,961,250.00.

Six Flags Entertainment Stock Up 0.1%

Shares of FUN stock opened at $24.91 on Friday. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $33.50. The stock has a market cap of $2.55 billion, a PE ratio of -1.53 and a beta of 0.39. The business’s fifty day moving average is $20.48 and its 200-day moving average is $17.80. 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 posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.06. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. Equities analysts expect that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FUN. Mizuho upped their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Zacks Research cut shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Oppenheimer dropped their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Barclays increased their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Truist Financial raised their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.15.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after buying an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Six Flags Entertainment by 2.5% in the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after buying an additional 5,775 shares during the period. State Street Corp boosted its holdings in shares of Six Flags Entertainment by 0.8% in the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after buying an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Six Flags Entertainment by 249.9% in the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after buying an additional 465,572 shares during the period. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

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.