Six Flags Entertainment (NYSE:FUN) Insider Richard Haddrill Buys 10,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) insider Richard Haddrill acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $19.08 per share, for a total transaction of $190,800.00. Following the purchase, the insider owned 230,117 shares of the company’s stock, valued at $4,390,632.36. The trade was a 4.54% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock traded up $0.77 during trading on Thursday, hitting $20.09. The stock had a trading volume of 1,536,985 shares, compared to its average volume of 2,134,636. Six Flags Entertainment Corporation has a 1 year low of $12.51 and a 1 year high of $38.27. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The stock’s 50 day moving average is $18.08 and its two-hundred day moving average is $17.16. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -1.23 and a beta of 0.35.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. As a group, analysts predict that Six Flags Entertainment Corporation will post -0.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FUN shares. Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Research upgraded Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Morgan Stanley set a $18.00 target price on Six Flags Entertainment in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Six Flags Entertainment by 36.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. First Trust Advisors LP bought a new position in shares of Six Flags Entertainment in the first quarter worth $1,412,000. PNC Financial Services Group Inc. increased its holdings in shares of Six Flags Entertainment by 25.5% in the first quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock worth $170,000 after purchasing an additional 1,947 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Six Flags Entertainment in the first quarter worth $347,000. Finally, Atlas Wealth LLC bought a new position in shares of Six Flags Entertainment in the first quarter worth $26,000. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

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.