Six Flags Entertainment Corporation $FUN Shares Newly Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Six Flags Entertainment Corporation (NYSE:FUN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 455,983 shares of the company’s stock, valued at approximately $4,884,000. Jefferies Financial Group Inc. owned approximately 0.45% of Six Flags Entertainment at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Six Flags Entertainment in the second quarter worth $339,057,000. Kanen Wealth Management LLC purchased a new stake in Six Flags Entertainment during the first quarter valued at approximately $15,063,000. Bank of New York Mellon Corp bought a new position in Six Flags Entertainment in the second quarter worth approximately $11,975,000. Jupiter Topco LLC bought a new position in Six Flags Entertainment in the second quarter worth approximately $10,348,000. Finally, Bank of America Corp DE purchased a new position in shares of Six Flags Entertainment during the 2nd quarter worth $9,066,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Stock Up 1.5%

Shares of Six Flags Entertainment stock opened at $11.27 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -1.23 and a beta of 0.50. The firm’s 50-day moving average is $10.69 and its two-hundred day moving average is $16.59. 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 Corporation has a 1 year low of $6.60 and a 1 year high of $26.28.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.20) EPS. As a group, research analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUN. Citigroup reduced their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Stifel Nicolaus set a $15.00 price target on Six Flags Entertainment in a research note on Thursday, November 5th. UBS Group reduced their target price on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Weiss Ratings upgraded shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, Truist Financial decreased their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $14.85.

Insider Buying and Selling

In other news, insider Christopher Lawrence Bennett purchased 5,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of $9.32 per share, with a total value of $46,600.00. Following the completion of the acquisition, the insider owned 51,697 shares of the company’s stock, valued at $481,816.04. This trade represents a 10.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard M. Haddrill purchased 9,000 shares of Six Flags Entertainment stock in a transaction dated Friday, November 6th. The shares were acquired at an average cost of $10.08 per share, for a total transaction of $90,720.00. Following the completion of the transaction, the insider owned 239,117 shares of the company’s stock, valued at approximately $2,410,299.36. This represents a 3.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 1,464,000 shares of company stock worth $15,066,320 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

More Six Flags Entertainment News

Here’s some of the latest news about FUN:

• Positive Sentiment: Director-linked funds invested about $14.9 million in Six Flags shares near $10, and other company insiders also bought stock. These purchases may signal confidence in the company’s turnaround, though they do not remove its risks. Insider buying and Six Flags results
• 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. Chief procurement officer appointment
• Negative Sentiment: Pomerantz announced an investigation into potential investor claims involving Six Flags. This is an investigation, not a finding of wrongdoing, but adds legal uncertainty amid existing safety-related scrutiny. Pomerantz investigation announcement

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.