Six Flags Entertainment (NYSE:FUN) Insider Buys $90,720.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) insider Richard Haddrill acquired 9,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the insider directly owned 239,117 shares in the company, valued at $2,410,299.36. This trade represents a 3.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $11.27 on Friday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.46 and a current ratio of 0.52. The company has a market capitalization of $1.15 billion, a P/E ratio of -1.23 and a beta of 0.50. The company’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $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 issued its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) earnings per share (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 the consensus estimate 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 revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the company earned ($2.20) EPS. On average, analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FUN shares. Guggenheim decreased their target price on shares of Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price objective on shares of Six Flags Entertainment in a report on Friday, November 6th. Mizuho set a $5.00 price objective on shares of Six Flags Entertainment in a research report on Wednesday, October 21st. Weiss Ratings raised Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on Six Flags Entertainment from $22.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus price target of $14.85.

Key Stories Impacting Six Flags Entertainment

Here are a few of the latest stories 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: Citigroup and JPMorgan cut their price targets, reflecting a more cautious outlook. Six Flags also reported a $366.1 million third-quarter net loss, largely driven by non-cash impairment charges; October attendance weakness and a reduced fourth-quarter EBITDA outlook add pressure. The company’s high debt is another key concern, despite improving free cash flow and same-park EBITDA. Q3 loss, operating trends and debt

Institutional Trading of Six Flags Entertainment

Several large investors have recently bought and sold shares of FUN. Winslow Asset Management Inc. grew its stake in shares of Six Flags Entertainment by 25.2% during the third quarter. Winslow Asset Management Inc. now owns 15,885 shares of the company’s stock worth $170,000 after buying an additional 3,200 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Six Flags Entertainment by 53.4% during the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock valued at $244,000 after acquiring an additional 7,940 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Six Flags Entertainment during the 3rd quarter worth about $4,884,000. Lido Advisors LLC acquired a new position in Six Flags Entertainment during the 3rd quarter worth about $1,022,000. Finally, State of Wyoming grew its position 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 last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

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.