Six Flags Entertainment (NYSE:FUN) Stock: Insider Rehan Jaffer Purchases 400,000 Shares

Six Flags Entertainment Corporation (NYSE:FUN) Director Rehan Jaffer purchased 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average price of $10.32 per share, for a total transaction of $4,128,000.00. Following the completion of the purchase, the director directly owned 6,350,000 shares in the company, valued at $65,532,000. This represents a 6.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 9th, Rehan Jaffer acquired 350,000 shares of Six Flags Entertainment stock. The stock was acquired at an average cost of $10.86 per share, with a total value of $3,801,000.00.
• On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The stock was acquired at an average price of $10.00 per share, with a total value of $7,000,000.00.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock traded down $0.64 during mid-day trading on Tuesday, reaching $10.12. The company’s stock had a trading volume of 4,635,647 shares, compared to its average volume of 2,729,641. Six Flags Entertainment Corporation has a 12-month low of $6.60 and a 12-month high of $26.28. The company has a market capitalization of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The firm’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $16.69.

Six Flags Entertainment (NYSE:FUN) last posted its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($5.52). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The company’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.20) EPS. Sell-side analysts predict that Six Flags Entertainment Corporation will post -0.91 EPS for the current fiscal year.

Analyst Ratings Changes

FUN has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 price objective on shares of Six Flags Entertainment in a research note on Friday. Barclays dropped their price objective on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Truist Financial cut their target price on 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. UBS Group reduced their target price on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 16th. Finally, Citizens Jmp reduced their target price on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating for the company in a report on Thursday, October 22nd. Six research 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 data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and a consensus target price of $14.85.

Key Stories Impacting Six Flags Entertainment

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

• Positive Sentiment: Two insiders bought shares on November 6: Richard Haddrill acquired 9,000 shares for about $90,720, and Christopher Lawrence Bennett bought 5,000 shares for $46,600. The purchases may signal confidence in the company. Haddrill SEC filing Bennett SEC filing
• Negative Sentiment: A securities law firm is investigating whether Six Flags made misleading statements about safety, maintenance and ride reliability after safety issues and a prior sharp stock decline. The investigation is not a finding of wrongdoing, but adds legal and reputational uncertainty. Investigation announcement
• Negative Sentiment: Analysts lowered price targets while keeping neutral ratings: JPMorgan cut its target from $22 to $12, and Citigroup reduced its target from $13 to $10. The revisions indicate diminished expectations for the shares. JPMorgan rating information Citigroup rating information
• Negative Sentiment: Six Flags reported a steep quarterly loss: EPS of -$3.59 missed the $1.93 consensus, while revenue fell 11% year over year to $1.17 billion. The earnings shortfall and declining revenue weigh on the outlook. Q3 results presentation
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants—about $5 billion—and plans to sell additional parks to reduce it. Debt reduction could help, but the burden and planned asset sales highlight balance-sheet pressure. Debt and park-sale report

Institutional Trading of Six Flags Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Man Group plc bought a new stake in Six Flags Entertainment during the second quarter valued at $7,134,000. Legal & General Group Plc purchased a new position in Six Flags Entertainment during the second quarter worth about $4,808,000. Bank of America Corp DE purchased a new position in Six Flags Entertainment during the second quarter worth about $9,066,000. BlackRock Inc. bought a new position in Six Flags Entertainment in the 2nd quarter worth about $339,057,000. Finally, Bank of New York Mellon Corp bought a new position in Six Flags Entertainment in the 2nd quarter worth about $11,975,000. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and 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.