Key Points
- CEO John Reilly purchased 15,713 Six Flags shares at an average price of $15.80, investing approximately $248,265. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, increased his direct ownership by 5.57% to 297,736 shares.
- Six Flags shares opened at $16.39, up 3.0%, with a market capitalization of approximately $1.68 billion and a 12-month trading range of $12.51 to $27.37.
- Analyst sentiment is mixed: the stock has an average “Hold” rating and a consensus price target of $21.93, while institutional investors own approximately 64.65% of the company.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) CEO John Reilly acquired 15,713 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $15.80 per share, with a total value of $248,265.40. Following the completion of the transaction, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This trade represents a 5.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Six Flags Entertainment Trading Up 3.0%
Shares of FUN stock opened at $16.39 on Thursday. The company has a market capitalization of $1.68 billion, a P/E ratio of -0.95 and a beta of 0.40. 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 business's 50 day moving average is $19.96 and its two-hundred day moving average is $18.84. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $27.37.
Analyst Ratings Changes
FUN has been the subject of a number of analyst reports. The Goldman Sachs Group set a $15.00 price objective on shares of Six Flags Entertainment in a research report on Friday, August 7th. Truist Financial lifted their target price on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, June 12th. Oppenheimer dropped their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Barclays cut their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Six Flags Entertainment from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.93.
Get Our Latest Analysis on FUN
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FUN. Russell Investments Group Ltd. boosted its stake in shares of Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company's stock valued at $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 722 shares in the last quarter. Invesco Ltd. lifted its holdings in Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company's stock worth $7,206,000 after buying an additional 5,775 shares in the last quarter. State Street Corp boosted its position in Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company's stock valued at $105,455,000 after buying an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company's stock valued at $19,836,000 after buying an additional 465,572 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.
Six Flags Entertainment Company Profile
(
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.
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