Insider Buying: Six Flags Entertainment (NYSE:FUN) CEO Purchases 15,713 Shares

Six Flags Entertainment Corporation (NYSE:FUN) CEO John Reilly bought 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Six Flags Entertainment Price Performance

NYSE FUN traded up $0.48 during trading on Wednesday, hitting $16.39. 2,237,940 shares of the company’s stock were exchanged, compared to its average volume of 2,215,090. The company has a market cap of $1.68 billion, a PE ratio of -0.95 and a beta of 0.40. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. Six Flags Entertainment Corporation has a fifty-two week low of $12.51 and a fifty-two week high of $27.37. The stock’s 50 day moving average price is $20.04 and its two-hundred day moving average price is $18.85.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Northcoast Research started coverage on shares of Six Flags Entertainment in a research report on Wednesday, July 8th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays dropped their price target on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Finally, Truist Financial boosted their price objective on Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.93.

Institutional Trading of Six Flags Entertainment

Several institutional investors have recently modified their holdings of FUN. Russell Investments Group Ltd. increased its holdings in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Six Flags Entertainment by 259.7% during the 2nd 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 period. Invesco Ltd. lifted its holdings in Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after buying an additional 5,775 shares during the period. State Street Corp grew its position in shares of Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after buying an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after buying an additional 465,572 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

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.