Six Flags Entertainment (NYSE:FUN) Director Acquires $2,961,250.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $23.69 per share, with a total value of $2,961,250.00. Following the completion of the purchase, the director owned 4,775,000 shares of the company’s stock, valued at approximately $113,119,750. The trade was a 2.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 15th, Rehan Jaffer acquired 125,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $23.41 per share, with a total value of $2,926,250.00.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock traded up $0.96 during midday trading on Tuesday, hitting $24.30. 1,497,143 shares of the company were exchanged, compared to its average volume of 2,107,627. The firm has a market capitalization of $2.48 billion, a PE ratio of -1.49 and a beta of 0.38. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $33.50. The business has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $17.60. 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 earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. The firm had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. On average, sell-side analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Six Flags Entertainment by 36.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Six Flags Entertainment by 26.1% during the second 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 last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $30,000 after buying an additional 722 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Six Flags Entertainment by 26.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after buying an additional 748 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Six Flags Entertainment by 10.6% in the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after purchasing an additional 888 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FUN. Wall Street Zen raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Truist Financial lifted their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday. Barclays lifted their price target on Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Oppenheimer lowered their price target on Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Finally, UBS Group boosted their price objective on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.15.

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.