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

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 350,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were bought at an average cost of $11.09 per share, with a total value of $3,881,500.00. Following the transaction, the director directly owned 6,700,000 shares of the company’s stock, valued at approximately $74,303,000. This trade represents a 5.51% increase in their ownership of the stock. The transaction 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 Friday, November 13th, Rehan Jaffer purchased 225,000 shares of Six Flags Entertainment stock. The shares were bought at an average price of $11.42 per share, for a total transaction of $2,569,500.00.
• On Thursday, November 12th, Rehan Jaffer purchased 250,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $11.18 per share, for a total transaction of $2,795,000.00.
• On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $10.32 per share, for a total transaction of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $10.86 per share, with a total value of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN traded up $0.37 during trading hours on Friday, hitting $11.56. 3,344,577 shares of the stock were exchanged, compared to its average volume of 6,644,942. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46. The company’s 50 day moving average is $10.62 and its 200 day moving average is $16.56. The firm has a market capitalization of $1.18 billion, a P/E ratio of -1.26 and a beta of 0.50. Six Flags Entertainment Corporation has a one year low of $6.60 and a one year high of $26.28.

Six Flags Entertainment (NYSE:FUN) last posted its 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.20) earnings per share. On average, research analysts expect that Six Flags Entertainment Corporation will post -4.56 EPS for the current year.

Latest Six Flags Entertainment News

Investors following FUN have been watching these news items:

• Positive Sentiment: Director Rehan Jaffer bought 825,000 shares across November 11–13 for a combined approximately $9.25 million, increasing his stake. Such sizable insider purchases may signal confidence in the company’s prospects. SEC filing
• Neutral Sentiment: Six Flags reported a $366.1 million third-quarter loss, largely tied to impairments, but same-park EBITDA and free cash flow improved. The mixed operating picture is set against elevated debt. Six Flags Q3 results and insider buying
• Negative Sentiment: Law firms announced investigations into potential securities-law claims following the company’s stock decline. These announcements are not findings of wrongdoing, but may add uncertainty and reputational risk. BFA Law investigation announcement

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FUN. Weiss Ratings raised Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, November 9th. Citizens Jmp dropped their price objective 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. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 target price on shares of Six Flags Entertainment in a research note on Friday, November 6th. Finally, Oppenheimer decreased their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Six 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.85.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FUN. BlackRock Inc. bought a new stake in shares of Six Flags Entertainment in the second quarter valued at about $339,057,000. Kanen Wealth Management LLC bought a new position in Six Flags Entertainment during the first quarter valued at about $15,063,000. Bank of New York Mellon Corp bought a new position in Six Flags Entertainment during the second quarter valued at about $11,975,000. Jupiter Topco LLC bought a new position in Six Flags Entertainment during the second quarter valued at about $10,348,000. Finally, Bank of America Corp DE acquired a new position in Six Flags Entertainment in the 2nd quarter valued at approximately $9,066,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

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.