Six Flags Entertainment (NYSE:FUN) Insider Christopher Lawrence Bennett Purchases 5,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) insider Christopher Lawrence Bennett acquired 5,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of $9.32 per share, for a total transaction of $46,600.00. Following the acquisition, the insider owned 51,697 shares of the company’s stock, valued at approximately $481,816.04. The trade was a 10.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Six Flags Entertainment Trading Up 7.8%

Shares of Six Flags Entertainment stock opened at $10.78 on Tuesday. The company’s fifty day moving average is $10.94 and its two-hundred day moving average is $16.69. Six Flags Entertainment Corporation has a 1 year low of $6.60 and a 1 year high of $26.28. 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 company has a market capitalization of $1.10 billion, a P/E ratio of -1.18 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.20) EPS. Analysts forecast that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup cut their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Barclays dropped their target price on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Friday. Zacks Research upgraded shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. UBS Group lowered their target price on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Finally, Guggenheim cut their price target on Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.85.

Six Flags Entertainment News Roundup

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

• Positive Sentiment: Director Christopher Lawrence Bennett bought 5,000 shares for about $46,600, increasing his holdings by 10.71%. Insider buying can signal confidence in the company. SEC filing
• Negative Sentiment: JPMorgan cut its price target to $12 from $22, while maintaining a neutral rating. Citigroup lowered its target to $10 from $13, also retaining a neutral rating; the latter target is below the cited share price. The reductions suggest analysts see less upside. JPMorgan rating information Citigroup rating information
• Negative Sentiment: CEO John Reilly reportedly said Six Flags carries more debt than it wants, with about $5 billion outstanding, and plans to sell additional parks to reduce it. Debt reduction could help the balance sheet, but the scale of the debt and asset sales underscore financial pressure. Debt and planned park sales report
• Negative Sentiment: A securities law firm announced an investigation into potential securities fraud following disclosures about safety issues and a prior share-price decline. The investigation is an allegation, not a finding, but adds legal and reputational uncertainty. Investigation announcement
• Negative Sentiment: A report says Six Flags will close a historic theme park, raising concerns about the impact on its park portfolio; the provided report does not specify financial details. Theme park closure report

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently added to or reduced their stakes in FUN. Public Employees Retirement System of Ohio grew its holdings 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 during the last quarter. Atlas Wealth LLC acquired a new position in shares of Six Flags Entertainment in the first quarter worth about $26,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $31,000. Allworth Financial LP purchased a new position in Six Flags Entertainment during the 2nd quarter worth approximately $35,000. Finally, PNC Financial Services Group Inc. raised its stake in Six Flags Entertainment by 25.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock valued at $170,000 after purchasing an additional 1,947 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Company Profile

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.