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

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer bought 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were bought at an average cost of $11.09 per share, for a total transaction of $3,881,500.00. Following the transaction, the director directly owned 6,700,000 shares of the company’s stock, valued at $74,303,000. This trade represents a 5.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 13th, Rehan Jaffer bought 225,000 shares of Six Flags Entertainment stock. The shares were bought at an average price of $11.42 per share, with a total value of $2,569,500.00.
• On Thursday, November 12th, Rehan Jaffer bought 250,000 shares of Six Flags Entertainment stock. The shares were bought at an average price of $11.18 per share, with a total value of $2,795,000.00.
• On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.32 per share, with a total value of $4,128,000.00.
• On Monday, November 9th, Rehan Jaffer purchased 350,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.86 per share, with a total value of $3,801,000.00.
• 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 Stock Performance

Shares of NYSE:FUN traded up $0.37 on Friday, hitting $11.56. 3,344,351 shares of the company were exchanged, compared to its average volume of 2,751,083. The company’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $16.59. Six Flags Entertainment Corporation has a one year low of $6.60 and a one year high of $26.28. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.46 and a current ratio of 0.52. The firm 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 (NYSE:FUN) last announced 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). 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted ($2.20) EPS. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. Research analysts expect that Six Flags Entertainment Corporation will post -4.56 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. Atlas Wealth LLC acquired a new position in Six Flags Entertainment during the first quarter valued at approximately $26,000. Integrated Wealth Concepts LLC acquired a new position in Six Flags Entertainment during the second quarter valued at approximately $31,000. Allworth Financial LP bought a new stake in Six Flags Entertainment in the second quarter valued at approximately $35,000. Finally, PNC Financial Services Group Inc. increased its stake in Six Flags Entertainment by 25.5% in the first 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 in the last quarter. 64.65% of the stock is owned by institutional investors.

Key Headlines Impacting Six Flags Entertainment

Investors following FUN have been watching these headlines:

• 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
• Neutral Sentiment: The company appointed Adam Boal as chief procurement officer; the announcement did not include details indicating a near-term financial impact. Six Flags Announces Appointment of Adam Boal
• 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

Analyst Upgrades and Downgrades

Several research firms have commented on FUN. Zacks Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Guggenheim reduced their price objective on 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. Stifel Nicolaus set a $15.00 price objective on Six Flags Entertainment in a report on Thursday, November 5th. Citigroup lowered their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Weiss Ratings upgraded Six Flags Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.85.

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.