Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Buys 350,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 350,000 shares of the business’s stock in a transaction on Monday, November 9th. The shares were bought at an average cost of $10.86 per share, for a total transaction of $3,801,000.00. Following the completion of the acquisition, the director directly owned 5,950,000 shares in the company, valued at approximately $64,617,000. This trade represents a 6.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rehan Jaffer also recently made the following trade(s):

• On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $10.32 per share, for a total transaction of $4,128,000.00.
• On Friday, November 6th, Rehan Jaffer purchased 700,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $10.00 per share, for a total transaction of $7,000,000.00.

Six Flags Entertainment Trading Down 5.9%

Shares of FUN stock opened at $10.12 on Wednesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -1.11 and a beta of 0.50. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $16.65. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34. Six Flags Entertainment Corporation has a 1-year low of $6.60 and a 1-year high of $26.28.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. Six Flags Entertainment’s revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.20) earnings per share. On average, equities research analysts forecast that Six Flags Entertainment Corporation will post -2.79 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on FUN shares. Mizuho set a $5.00 price target on shares of Six Flags Entertainment in a report on Wednesday, October 21st. Stifel Nicolaus set a $15.00 price objective on shares of Six Flags Entertainment in a research note on Thursday, November 5th. Guggenheim decreased their price objective on shares of Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Truist Financial lowered their target price on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 target price on shares of Six Flags Entertainment in a research note on Friday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.85.

Institutional Investors Weigh In On Six Flags Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in FUN. Maryland State Retirement & Pension System increased its holdings in Six Flags Entertainment by 53.4% in the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after purchasing an additional 7,940 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Six Flags Entertainment in the third quarter valued at approximately $4,884,000. Lido Advisors LLC acquired a new position in Six Flags Entertainment in the third quarter valued at approximately $1,022,000. State of Wyoming boosted its holdings in shares of Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock worth $360,000 after buying an additional 7,194 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Six Flags Entertainment by 138.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock worth $519,000 after buying an additional 28,200 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment News Summary

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares across three transactions on November 6, 9 and 10, investing about $14.9 million and increasing his holdings to 6.35 million shares. Other insiders also reported purchases, including Richard Haddrill (9,000 shares) and Christopher Lawrence Bennett (5,000 shares). These buys may signal confidence, though they do not offset the company’s operating and legal risks. Jaffer SEC filing Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: Two law firms announced investigations into possible securities-law violations tied to statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but may add legal and reputational uncertainty after reported safety concerns. BFA Law investigation announcement Pomerantz investigation announcement
• Negative Sentiment: Recent quarterly results showed a steep earnings miss: Six Flags reported a loss of $3.59 per share versus consensus expectations for $1.93 in earnings. Revenue slightly topped estimates but fell 11% year over year, underscoring ongoing operating challenges.
• Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citi lowered its target to $10 from $13; both kept neutral ratings. The significant reductions suggest analysts have tempered their outlook. JPMorgan rating information Citi rating information
• Negative Sentiment: Reports have also highlighted roughly $5 billion in debt and plans to sell parks to reduce it, pointing to balance-sheet pressure and potential changes to the company’s portfolio. Report on debt and planned park sales

Six Flags Entertainment Company Profile

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.