John Reilly Acquires 15,713 Shares of Six Flags Entertainment (NYSE:FUN) Stock

Six Flags Entertainment Corporation (NYSE:FUN) CEO John Reilly acquired 15,713 shares of Six Flags Entertainment stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $15.80 per share, with a total value of $248,265.40. Following the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $16.67 on Friday. Six Flags Entertainment Corporation has a 12 month low of $12.51 and a 12 month high of $27.37. The firm has a market capitalization of $1.71 billion, a P/E ratio of -0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The company’s fifty day moving average price is $19.87 and its 200 day moving average price is $18.83.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds have recently bought and sold shares of the company. Atlas Wealth LLC purchased a new stake in Six Flags Entertainment during the first quarter worth $26,000. Danske Bank A S purchased a new position in shares of Six Flags Entertainment in the third quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Six Flags Entertainment during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter worth about $35,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FUN has been the topic of a number of recent research reports. Truist Financial lifted their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 12th. Oppenheimer dropped their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings cut Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Finally, Guggenheim reduced their price objective on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.93.

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.