Six Flags Entertainment (NYSE:FUN) Director Purchases $4,128,000.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 400,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average cost of $10.32 per share, with a total value of $4,128,000.00. Following the acquisition, the director directly owned 6,350,000 shares of the company’s stock, valued at $65,532,000. This represents a 6.72% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $10.86 per share, for a total transaction of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer bought 700,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Price Performance

FUN traded down $0.64 on Tuesday, reaching $10.12. The company had a trading volume of 4,635,647 shares, compared to its average volume of 2,729,641. Six Flags Entertainment Corporation has a 52-week low of $6.60 and a 52-week high of $26.28. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -1.11 and a beta of 0.50. 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 business has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $16.69.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned ($2.20) EPS. Six Flags Entertainment’s quarterly revenue was down 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -0.91 EPS for the current year.

Six Flags Entertainment News Roundup

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Man Group plc bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth approximately $7,134,000. Legal & General Group Plc purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at $4,808,000. Bank of America Corp DE purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at $9,066,000. BlackRock Inc. purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at $339,057,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at $11,975,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday. Barclays reduced their target price on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday. Citizens Jmp reduced their target price on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 22nd. UBS Group lowered their price target on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 price target on shares of Six Flags Entertainment in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.85.

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.