Six Flags Entertainment (NYSE:FUN) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Six Flags Entertainment Corporation (NYSE:FUN) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.77 and traded as high as $11.30. Six Flags Entertainment shares last traded at $11.1510, with a volume of 5,201,008 shares trading hands.

Trending Headlines about Six Flags Entertainment

Investors following FUN have been watching these headlines:

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares for about $14.9 million over several days, while Executive Chairman Richard Haddrill and Chief Legal Officer Christopher Bennett also purchased shares. The sizeable insider purchases could signal confidence in the company’s prospects, though they do not remove its business risks. Insider buying report
• Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citigroup lowered its target to $10 from $13; both maintained neutral ratings. The reductions reflect a more cautious outlook. JPMorgan target cut Citigroup target cut
• Negative Sentiment: Law firms announced investigations into possible securities-law violations related to company statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but add legal and reputational uncertainty. BFA Law investigation notice Pomerantz investigation notice

Wall Street Analysts Forecast Growth

FUN has been the topic of several research analyst reports. Mizuho set a $5.00 price objective on Six Flags Entertainment in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Citigroup cut their target price on shares of Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus set a $15.00 price target on shares of Six Flags Entertainment in a report on Thursday, November 5th. Finally, Oppenheimer cut their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.85.

Six Flags Entertainment Trading Up 9.8%

The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -1.22 and a beta of 0.50. The firm’s fifty day moving average is $10.77 and its 200-day moving average is $16.62.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing the consensus estimate of $1.93 by ($5.52). Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned ($2.20) EPS. The business’s revenue was down 11.0% compared to the same quarter last year. Equities analysts anticipate that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current year.

Insider Activity at Six Flags Entertainment

In related news, Director Rehan Jaffer bought 700,000 shares of the business’s stock in a transaction on Friday, November 6th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $7,000,000.00. Following the purchase, the director directly owned 5,600,000 shares in the company, valued at $56,000,000. This trade represents a 14.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard M. Haddrill purchased 9,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $10.08 per share, for a total transaction of $90,720.00. Following the completion of the transaction, the insider owned 239,117 shares of the company’s stock, valued at approximately $2,410,299.36. This trade represents a 3.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,464,000 shares of company stock valued at $15,066,320 over the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System lifted its holdings in Six Flags Entertainment by 53.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after buying an additional 7,940 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Six Flags Entertainment during the third quarter valued at approximately $4,884,000. Lido Advisors LLC bought a new position in shares of Six Flags Entertainment during the third quarter valued at approximately $1,022,000. State of Wyoming lifted its stake in Six Flags Entertainment by 27.3% in the third quarter. State of Wyoming now owns 33,581 shares of the company’s stock worth $360,000 after acquiring an additional 7,194 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Six Flags Entertainment by 138.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock valued at $519,000 after acquiring an additional 28,200 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

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.