Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Purchases 700,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 700,000 shares of the stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $7,000,000.00. Following the completion of the transaction, the director owned 5,600,000 shares in the company, valued at approximately $56,000,000. This represents a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, November 10th, Rehan Jaffer bought 400,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer bought 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $10.86 per share, for a total transaction of $3,801,000.00.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $11.15 on Thursday. The company has a market capitalization of $1.14 billion, a P/E ratio of -1.22 and a beta of 0.50. Six Flags Entertainment Corporation has a 1-year low of $6.60 and a 1-year high of $26.28. The firm’s 50 day simple moving average is $10.77 and its two-hundred day simple moving average is $16.62. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company earned ($2.20) earnings per share. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. Research analysts expect that Six Flags Entertainment Corporation will post -4.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently made changes to their positions in FUN. Public Employees Retirement System of Ohio raised its holdings in shares of Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Atlas Wealth LLC purchased a new position in shares of Six Flags Entertainment in the first quarter valued at $26,000. Integrated Wealth Concepts LLC purchased a new position in shares of Six Flags Entertainment in the second quarter valued at $31,000. Allworth Financial LP bought a new stake in Six Flags Entertainment in the second quarter worth $35,000. Finally, PNC Financial Services Group Inc. increased its position in Six Flags Entertainment by 25.5% in the first quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock worth $170,000 after purchasing an additional 1,947 shares during the last quarter. 64.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on FUN shares. Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. JPMorgan Chase & Co. decreased their target price on Six Flags Entertainment from $22.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup lowered their price target on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. Oppenheimer reduced their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Citizens Jmp lowered their target price on shares of Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a report on Thursday, October 22nd. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.85.

Recent Six Flags Entertainment Headlines

Here are a few of the latest headlines about FUN:

• 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
• Neutral Sentiment: Six Flags named Adam Boal chief procurement officer. The hire supports management’s cost-saving efforts, but its financial impact is not yet clear. Six Flags announcement
• 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

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.