Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Purchases 350,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 350,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $10.86 per share, for a total transaction of $3,801,000.00. Following the completion of the purchase, the director owned 5,950,000 shares in the company, valued at $64,617,000. This trade represents a 6.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was purchased at an average price of $10.32 per share, for a total transaction of $4,128,000.00.
• On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Trading Up 9.8%

Shares of Six Flags Entertainment stock opened at $11.15 on Thursday. The stock has a market capitalization of $1.14 billion, a PE ratio of -1.22 and a beta of 0.50. Six Flags Entertainment Corporation has a 52 week low of $6.60 and a 52 week high of $26.28. The stock has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $16.62. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.46 and a current ratio of 0.52.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned ($2.20) earnings per share. Six Flags Entertainment’s revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Key Headlines Impacting Six Flags Entertainment

These are some of the FUN headlines that stood out recently:

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares for about $14.9 million over several days, while Executive Chairman Richard Haddrill and Chief Legal Officer Christopher Bennett also purchased shares. The sizeable insider purchases could signal confidence in the company’s prospects, though they do not remove its business risks. Insider buying report
• Negative Sentiment: Law firms announced investigations into possible securities-law violations related to company statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but add legal and reputational uncertainty. BFA Law investigation notice Pomerantz investigation notice
• Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at approximately $339,057,000. Kanen Wealth Management LLC purchased a new position in Six Flags Entertainment in the 1st quarter valued at approximately $15,063,000. Bank of New York Mellon Corp purchased a new position in Six Flags Entertainment in the 2nd quarter valued at approximately $11,975,000. Jupiter Topco LLC bought a new stake in Six Flags Entertainment during the 2nd quarter valued at $10,348,000. Finally, Bank of America Corp DE bought a new stake in Six Flags Entertainment during the 2nd quarter valued at $9,066,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FUN shares. Barclays lowered their price objective on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. UBS Group reduced their price objective on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 16th. Oppenheimer reduced their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Stifel Nicolaus set a $15.00 target price on shares of Six Flags Entertainment in a research report on Thursday, November 5th. Finally, Guggenheim lowered their target price on shares of Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Six 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.