Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Purchases 250,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 250,000 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was bought at an average cost of $11.18 per share, with a total value of $2,795,000.00. Following the purchase, the director owned 6,950,000 shares of the company’s stock, valued at $77,701,000. This represents a 3.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 13th, Rehan Jaffer acquired 225,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $11.42 per share, with a total value of $2,569,500.00.
• On Wednesday, November 11th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $11.09 per share, with a total value of $3,881,500.00.
• On Tuesday, November 10th, Rehan Jaffer acquired 400,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price 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 shares were purchased at an average price of $10.86 per share, for a total transaction of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer bought 700,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Price Performance

FUN stock traded up $0.37 during mid-day trading on Friday, hitting $11.56. The stock had a trading volume of 3,344,351 shares, compared to its average volume of 2,751,083. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34. The firm has a market capitalization of $1.18 billion, a P/E ratio of -1.26 and a beta of 0.50. The firm has a fifty day simple moving average of $10.69 and a 200 day simple moving average of $16.59. Six Flags Entertainment Corporation has a 52 week low of $6.60 and a 52 week high of $26.28.

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). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business earned ($2.20) earnings per share. As a group, research analysts forecast that Six Flags Entertainment Corporation will post -4.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on 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 lowered their price target on 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 dropped their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Truist Financial dropped 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. Finally, Citigroup reduced their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.85.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Atlas Wealth LLC bought a new position in Six Flags Entertainment in the 1st quarter valued at approximately $26,000. Integrated Wealth Concepts LLC acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $31,000. Allworth Financial LP acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $35,000. Sterling Capital Management LLC boosted its position in Six Flags Entertainment by 846.3% in the third quarter. Sterling Capital Management LLC now owns 3,227 shares of the company’s stock valued at $35,000 after buying an additional 2,886 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of 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. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Six Flags Entertainment

Investors following FUN have been watching these headlines:

• Neutral Sentiment: The company appointed Adam Boal as chief procurement officer; the announcement did not include details indicating a near-term financial impact. Six Flags Announces Appointment of Adam Boal
• Negative Sentiment: Law firms announced investigations into potential securities-fraud claims following the stock’s decline. These are investigations, not findings of wrongdoing, but may add uncertainty. BFA Law Announces Six Flags Investigation
• Negative Sentiment: Six Flags reported a $366.1 million third-quarter loss, largely tied to impairments, while debt remains a concern. Same-park EBITDA and free cash flow improved, offering some counterbalance to the weak headline result. Six Flags Q3 Loss and Insider Buying

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.