Insider Buying: Six Flags Entertainment (NYSE:FUN) Director Buys $2,569,500.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer acquired 225,000 shares of the company’s stock in a transaction on Friday, November 13th. The stock was purchased at an average cost of $11.42 per share, for a total transaction of $2,569,500.00. Following the completion of the transaction, the director owned 7,175,000 shares in the company, valued at approximately $81,938,500. The trade was a 3.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 12th, Rehan Jaffer acquired 250,000 shares of Six Flags Entertainment stock. The stock was purchased at an average cost of $11.18 per share, for a total transaction of $2,795,000.00.
• On Wednesday, November 11th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was purchased at an average price of $11.09 per share, for a total transaction of $3,881,500.00.
• 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 acquired 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average cost of $10.86 per share, with a total value of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer bought 700,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Stock Up 3.3%

Shares of FUN stock traded up $0.37 on Friday, reaching $11.56. 3,344,351 shares of the stock were exchanged, compared to its average volume of 2,751,083. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34. The business’s 50 day moving average price is $10.69 and its 200 day moving average price is $16.59. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -1.26 and a beta of 0.50. Six Flags Entertainment Corporation has a twelve month low of $6.60 and a twelve month high of $26.28.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, November 5th. The company reported ($3.59) EPS 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company earned ($2.20) EPS. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of FUN. Public Employees Retirement System of Ohio grew its holdings in shares of Six Flags Entertainment by 36.1% during 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 last quarter. Atlas Wealth LLC acquired a new stake in shares of Six Flags Entertainment during the first quarter worth about $26,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Six Flags Entertainment during the second quarter worth about $31,000. Allworth Financial LP purchased a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at about $35,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Six Flags Entertainment by 25.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock valued at $170,000 after purchasing an additional 1,947 shares during the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Six Flags Entertainment

These are some of the FUN headlines that stood out recently:

• Positive Sentiment: Six Flags directors bought roughly $15 million of shares near $10 each. The purchases helped prompt a gap higher in the stock and may signal confidence from insiders, though they do not eliminate the company’s financial risks. Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
• Negative Sentiment: Fresh analyst target cuts lowered estimates of FUN’s fair value, suggesting weaker expectations for the shares. Six Flags Stock Fair Value Moves Lower After Analyst Target Cuts
• Negative Sentiment: Law firms announced investigations into potential securities-fraud claims following the stock’s decline. These are investigations, not findings of wrongdoing, but may add uncertainty. BFA Law Announces Six Flags Investigation

Analyst Upgrades and Downgrades

FUN has been the topic of a number of recent analyst reports. Oppenheimer dropped 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. Zacks Research upgraded Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Guggenheim lowered their price target on Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Mizuho set a $5.00 price target on Six Flags Entertainment in a report on Wednesday, October 21st. Finally, Truist Financial dropped their price target on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.85.

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.