Six Flags Entertainment (NYSE:FUN) Director Rehan Jaffer Buys 125,000 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the acquisition, the director directly owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 12th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $23.69 per share, with a total value of $2,961,250.00.

Six Flags Entertainment Stock Up 4.1%

Six Flags Entertainment stock opened at $24.30 on Wednesday. The stock has a market capitalization of $2.48 billion, a PE ratio of -1.49 and a beta of 0.39. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $33.50. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. The company has a 50 day moving average of $20.19 and a 200-day moving average of $17.66.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. On average, equities research analysts anticipate that Six Flags Entertainment Corporation will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FUN. Weiss Ratings cut shares of Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Zacks Research cut shares of Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Barclays increased their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Truist Financial increased their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and an average target price of $25.15.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after acquiring an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares during the last quarter. Invesco Ltd. lifted its stake in Six Flags Entertainment by 2.5% in the second quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares during the last quarter. State Street Corp lifted its stake in Six Flags Entertainment by 0.8% in the second quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Six Flags Entertainment by 249.9% in the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.