Insider Buying: Six Flags Entertainment (NYSE:FUN) Director Purchases $3,801,000.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock in a transaction on Monday, November 9th. The shares were bought at an average price of $10.86 per share, with a total value of $3,801,000.00. Following the purchase, the director directly owned 5,950,000 shares in the company, valued at approximately $64,617,000. The trade was a 6.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 10th, Rehan Jaffer acquired 400,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.32 per share, with a total value of $4,128,000.00.
• On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Stock Performance

Shares of FUN traded down $0.64 during mid-day trading on Tuesday, reaching $10.12. The company had a trading volume of 4,635,647 shares, compared to its average volume of 2,729,641. Six Flags Entertainment Corporation has a 52-week low of $6.60 and a 52-week high of $26.28. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The stock has a market capitalization of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. The stock has a 50 day moving average of $10.94 and a two-hundred day moving average of $16.69.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing the consensus estimate of $1.93 by ($5.52). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The firm’s revenue was down 11.0% on a year-over-year basis. During the same period last year, the business earned ($2.20) earnings per share. On average, analysts expect that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 target price on shares of Six Flags Entertainment in a report on Friday. Citizens Jmp decreased their target price on shares of Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating for the company in a research note on Thursday, October 22nd. Citigroup lowered their price target on shares of Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. 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 dropped their price target on shares of 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 equities 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 stock has a consensus rating of “Hold” and a consensus target price of $14.85.

Hedge Funds Weigh In On Six Flags Entertainment

A number of large investors have recently bought and sold shares of FUN. Man Group plc purchased a new position in Six Flags Entertainment during the second quarter worth approximately $7,134,000. Legal & General Group Plc acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $4,808,000. Bank of America Corp DE acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $9,066,000. BlackRock Inc. acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $339,057,000. Finally, Bank of New York Mellon Corp acquired a new stake in Six Flags Entertainment in the second quarter valued at approximately $11,975,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Key Six Flags Entertainment News

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Two insiders bought shares on November 6: Richard Haddrill acquired 9,000 shares for about $90,720, and Christopher Lawrence Bennett bought 5,000 shares for $46,600. The purchases may signal confidence in the company. Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: A securities law firm is investigating whether Six Flags made misleading statements about safety, maintenance and ride reliability after safety issues and a prior sharp stock decline. The investigation is not a finding of wrongdoing, but adds legal and reputational uncertainty. Investigation announcement
• Negative Sentiment: Analysts lowered price targets while keeping neutral ratings: JPMorgan cut its target from $22 to $12, and Citigroup reduced its target from $13 to $10. The revisions indicate diminished expectations for the shares. JPMorgan rating information Citigroup rating information
• Negative Sentiment: Six Flags reported a steep quarterly loss: EPS of -$3.59 missed the $1.93 consensus, while revenue fell 11% year over year to $1.17 billion. The earnings shortfall and declining revenue weigh on the outlook. Q3 results presentation
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants—about $5 billion—and plans to sell additional parks to reduce it. Debt reduction could help, but the burden and planned asset sales highlight balance-sheet pressure. Debt and park-sale report

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.