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

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

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

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

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock traded up $0.96 during mid-day trading on Tuesday, reaching $24.30. 1,497,143 shares of the company were exchanged, compared to its average volume of 2,107,627. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $33.50. The firm’s 50-day simple moving average is $20.04 and its two-hundred day simple moving average is $17.60. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $2.48 billion, a PE ratio of -1.49 and a beta of 0.38.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUN. UBS Group raised their price target on Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th. The Goldman Sachs Group raised their price target on Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Truist Financial raised their price target on Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday. Guggenheim reduced their price target on Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a report on Monday, April 13th. Finally, Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. 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’s stock. According to data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus target price of $25.15.

Institutional Trading of Six Flags Entertainment

A number of institutional investors have recently bought and sold shares of FUN. Public Employees Retirement System of Ohio boosted its position in 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 in the last quarter. Russell Investments Group Ltd. boosted 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 purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Six Flags Entertainment by 26.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock worth $82,000 after purchasing an additional 748 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Six Flags Entertainment by 10.6% during the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock worth $283,000 after purchasing an additional 888 shares in the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

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.