Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) Director Rehan Jaffer purchased 125,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $23.41 per share, with a total value of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares of the company's stock, valued at approximately $114,709,000. The trade was a 2.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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 purchased at an average price of $23.69 per share, with a total value of $2,961,250.00.
Six Flags Entertainment Stock Performance
Shares of FUN stock opened at $24.30 on Wednesday. The stock has a market cap of $2.48 billion, a P/E ratio of -1.49 and a beta of 0.39. The company has a debt-to-equity ratio of 19.13, a current ratio of 0.68 and a quick ratio of 0.62. The company has a fifty day moving average price of $20.19 and a two-hundred day moving average price of $17.66. Six Flags Entertainment Corporation has a one year low of $12.51 and a one year high of $33.50.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating analysts' consensus estimates of ($2.71) by $0.06. The firm 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%. As a group, equities analysts predict that Six Flags Entertainment Corporation will post -0.28 EPS for the current year.
Institutional Trading of Six Flags Entertainment
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased 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 during the period. Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 722 shares during the period. Invesco Ltd. increased its position in Six Flags Entertainment by 2.5% during the second quarter. Invesco Ltd. now owns 236,798 shares of the company's stock worth $7,206,000 after acquiring an additional 5,775 shares during the period. State Street Corp increased its position in Six Flags Entertainment by 0.8% during the second quarter. State Street Corp now owns 3,465,487 shares of the company's stock worth $105,455,000 after acquiring an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Six Flags Entertainment by 249.9% during the second quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company's stock worth $19,836,000 after acquiring an additional 465,572 shares during the period. Institutional investors and hedge funds own 64.65% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, May 8th. Guggenheim cut their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Monday, April 13th. Truist Financial raised their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, June 12th. Oppenheimer cut 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 research note on Wednesday, April 1st. Finally, UBS Group raised their target price on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $25.15.
Read Our Latest Stock Analysis on FUN
About Six Flags Entertainment
(
Get Free Report)
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.
Further Reading
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