Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Purchases 125,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 125,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $23.69 per share, for a total transaction of $2,961,250.00. Following the purchase, the director directly owned 4,775,000 shares in the company, valued at approximately $113,119,750. This represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 15th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $23.41 per share, for a total transaction of $2,926,250.00.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $24.30 on Wednesday. The business’s 50 day simple moving average is $20.19 and its 200-day simple moving average is $17.66. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -1.49 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $33.50.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, topping the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%. As a group, equities analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on FUN shares. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a research note on Friday, February 20th. Guggenheim decreased their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group boosted their price target on Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Citigroup boosted their price target on Six Flags Entertainment from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus price target of $25.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Six Flags Entertainment by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock worth $228,739,000 after purchasing an additional 53,111 shares during the last quarter. Morgan Stanley raised its holdings in Six Flags Entertainment by 62.1% in the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after acquiring an additional 3,629,445 shares during the last quarter. Darlington Partners Capital Management LP raised its holdings in Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock valued at $264,741,000 after acquiring an additional 1,460,000 shares during the last quarter. UBS Group AG raised its holdings in Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after acquiring an additional 4,446,104 shares during the last quarter. Finally, Dendur Capital LP raised its holdings in Six Flags Entertainment by 6.2% in the 4th quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after acquiring an additional 290,000 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.