Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Acquires 400,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 400,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were bought at an average price of $10.32 per share, with a total value of $4,128,000.00. Following the completion of the purchase, the director directly owned 6,350,000 shares of the company’s stock, valued at approximately $65,532,000. This trade represents a 6.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The shares were bought at an average cost of $10.86 per share, for a total transaction of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The shares were bought at an average cost of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Price Performance

NYSE FUN opened at $11.15 on Thursday. 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 stock’s fifty day moving average price is $10.77 and its 200 day moving average price is $16.62. Six Flags Entertainment Corporation has a 1 year low of $6.60 and a 1 year high of $26.28. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -1.22 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted ($2.20) EPS. The business’s revenue was down 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its position in Six Flags Entertainment by 53.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after purchasing an additional 7,940 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $4,884,000. Lido Advisors LLC acquired a new position in shares of Six Flags Entertainment in the 3rd quarter valued at about $1,022,000. State of Wyoming lifted its holdings in shares of Six Flags Entertainment by 27.3% in the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock valued at $360,000 after buying an additional 7,194 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Six Flags Entertainment by 138.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock worth $519,000 after buying an additional 28,200 shares during the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

More Six Flags Entertainment News

These are some of the FUN news items that stood out recently:

• 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: JPMorgan cut its price target to $12 from $22 and Citigroup lowered its target to $10 from $13; both maintained neutral ratings. The reductions reflect a more cautious outlook. JPMorgan target cut Citigroup target cut
• Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $15.00 price objective on Six Flags Entertainment in a research note on Thursday, November 5th. Citizens Jmp dropped their target price on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Six Flags Entertainment from $22.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays reduced their price target on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment has a consensus rating of “Hold” and an average target price of $14.85.

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.