Six Flags Entertainment (NYSE:FUN) Hits New 12-Month Low – Here’s Why

Six Flags Entertainment Corporation (NYSE:FUN) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as $10.15 and last traded at $10.4080, with a volume of 1,068,764 shares. The stock had previously closed at $11.92.

Key Six Flags Entertainment News

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

• Positive Sentiment: Zacks Research upgraded Six Flags from “strong sell” to “hold,” suggesting the recent selloff may have brought the stock closer to a neutral valuation, although the firm did not issue a bullish recommendation. Zacks Research upgrade report
• Neutral Sentiment: Options activity was unusually bearish, with traders purchasing 3,322 put contracts—about 119% above typical volume. This signals heightened downside hedging or speculation but does not by itself establish a change in fundamentals.
• Negative Sentiment: A guest died and several people were injured in an incident involving the Goliath roller coaster at Six Flags Over Georgia. Six Flags temporarily closed nine similar rides across six parks in the U.S. and Canada while inspections and investigations proceed. The closures could reduce attendance, operating revenue, and near-term cash flow, while increasing safety, maintenance, and reputational costs. CNBC report on the fatal incident
• Negative Sentiment: The accident has intensified scrutiny of Six Flags’ operating practices and threatens its post-merger turnaround plans. The company is already carrying substantial debt, and investors are concerned that weaker attendance, ride shutdowns, potential lawsuits, and regulatory action could further pressure liquidity. Separate law firms, including BFA Law and SueWallSt, announced securities-fraud investigations on behalf of shareholders following the sharp decline. These announcements are not findings of wrongdoing but add legal uncertainty and potential costs. Wall Street Journal report on Six Flags’ turnaround BFA Law investigation announcement

Analyst Ratings Changes

A number of research firms have recently weighed in on FUN. Citizens Jmp cut their price target on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating on the stock in a report on Friday, August 7th. Guggenheim decreased their price objective on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 24th. Oppenheimer decreased their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Barclays lowered their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Northcoast Research began coverage on Six Flags Entertainment in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.54.

Six Flags Entertainment Trading Down 12.5%

The company has a fifty day moving average of $13.91 and a two-hundred day moving average of $17.75. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The stock has a market capitalization of $912.80 million, a price-to-earnings ratio of -0.52 and a beta of 0.45.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The company had revenue of $864.92 million for the quarter, compared to the consensus estimate of $928.36 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts expect that Six Flags Entertainment Corporation will post -0.91 EPS for the current year.

Insider Activity

In other news, CEO John Reilly acquired 15,713 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd grew its holdings in Six Flags Entertainment by 22.9% in the 2nd quarter. WINTON GROUP Ltd now owns 241,990 shares of the company’s stock valued at $5,154,000 after buying an additional 45,158 shares during the last quarter. Engineers Gate Manager LP bought a new position in Six Flags Entertainment in the 2nd quarter worth approximately $898,000. Integrated Wealth Concepts LLC bought a new position in Six Flags Entertainment in the 2nd quarter worth approximately $31,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Six Flags Entertainment during the second quarter worth approximately $432,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Six Flags Entertainment during the second quarter worth approximately $54,000. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.