Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Buys 700,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 700,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $10.00 per share, with a total value of $7,000,000.00. Following the acquisition, the director owned 5,600,000 shares of the company’s stock, valued at $56,000,000. This represents a 14.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 shares were purchased at an average cost of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer bought 350,000 shares of Six Flags Entertainment stock. The shares were acquired at an average price of $10.86 per share, for a total transaction of $3,801,000.00.

Six Flags Entertainment Stock Down 5.9%

Shares of FUN stock traded down $0.64 during mid-day trading on Tuesday, reaching $10.12. 4,635,647 shares of the company’s stock traded hands, compared to its average volume of 2,729,641. The company’s 50-day moving average price is $10.94 and its 200-day moving average price is $16.69. The company has a market cap of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. Six Flags Entertainment Corporation has a 12 month low of $6.60 and a 12 month high of $26.28.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results 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). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned ($2.20) earnings per share. The firm’s revenue was down 11.0% compared to the same quarter last year. On average, equities analysts expect that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.

Key Stories Impacting Six Flags Entertainment

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays cut their price objective on shares of Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Citizens Jmp dropped their price target on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Guggenheim dropped their price target on Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Stifel Nicolaus set a $15.00 price target on Six Flags Entertainment in a research note on Thursday. Finally, Truist Financial reduced their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.85.

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of FUN. BlackRock Inc. bought a new position in Six Flags Entertainment in the 2nd quarter worth about $339,057,000. Kanen Wealth Management LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at about $15,063,000. Bank of New York Mellon Corp bought a new stake in Six Flags Entertainment during the 2nd quarter valued at about $11,975,000. Principal Financial Group Inc. increased its stake in Six Flags Entertainment by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 495,349 shares of the company’s stock valued at $8,792,000 after purchasing an additional 10,760 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in Six Flags Entertainment in the second quarter worth about $10,348,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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.