Key Points
- Insider Christopher Lawrence Bennett bought 5,000 shares at an average price of $9.32, spending $46,600 and increasing his stake by 10.71% to 51,697 shares.
- Six Flags reported a quarterly loss of $3.59 per share, missing analysts’ $1.93 estimate; revenue of $1.17 billion slightly exceeded expectations but fell 11% year over year.
- Analyst sentiment is mixed: six analysts rate the stock Buy, six Hold and two Sell, for an overall Hold rating and a consensus price target of $14.85. Several firms recently lowered their targets.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) insider Christopher Lawrence Bennett bought 5,000 shares of the business's stock in a transaction on Friday, November 6th. The stock was bought at an average price of $9.32 per share, with a total value of $46,600.00. Following the transaction, the insider owned 51,697 shares in the company, valued at approximately $481,816.04. This represents a 10.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Six Flags Entertainment Price Performance
Shares of NYSE:FUN opened at $10.78 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -1.18 and a beta of 0.50. Six Flags Entertainment Corporation has a 1 year low of $6.60 and a 1 year high of $26.28. 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 has a fifty day simple moving average of $10.94 and a 200 day simple moving average of $16.69.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($5.52). The firm 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 firm's revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the business earned ($2.20) earnings per share. As a group, sell-side analysts predict that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on FUN shares. Stifel Nicolaus set a $15.00 target price on Six Flags Entertainment in a report on Thursday. UBS Group decreased their price objective on shares of Six Flags Entertainment from $27.00 to $18.00 and set a "buy" rating for the company in a report on Friday, October 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $9.00 target price on shares of Six Flags Entertainment in a report on Friday. Citigroup lowered their price target on Six Flags Entertainment from $13.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Guggenheim decreased their target price on Six Flags Entertainment from $28.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Six Flags Entertainment has an average rating of "Hold" and a consensus price target of $14.85.
Read Our Latest Analysis on Six Flags Entertainment
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of FUN. Man Group plc acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth approximately $7,134,000. Legal & General Group Plc acquired a new stake in shares of Six Flags Entertainment during the second quarter worth $4,808,000. Bank of America Corp DE bought a new stake in Six Flags Entertainment in the second quarter valued at about $9,066,000. BlackRock Inc. acquired a new position in Six Flags Entertainment in the second quarter valued at about $339,057,000. Finally, Bank of New York Mellon Corp bought a new position in Six Flags Entertainment during the second quarter worth about $11,975,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.
Six Flags Entertainment News Summary
Here are the key news stories impacting Six Flags Entertainment this week:
- Positive Sentiment: Director Christopher Lawrence Bennett bought 5,000 shares for about $46,600, increasing his holdings by 10.71%. Insider buying can signal confidence in the company. SEC filing
- Negative Sentiment: JPMorgan cut its price target to $12 from $22, while maintaining a neutral rating. Citigroup lowered its target to $10 from $13, also retaining a neutral rating; the latter target is below the cited share price. The reductions suggest analysts see less upside. JPMorgan rating information Citigroup rating information
- Negative Sentiment: CEO John Reilly reportedly said Six Flags carries more debt than it wants, with about $5 billion outstanding, and plans to sell additional parks to reduce it. Debt reduction could help the balance sheet, but the scale of the debt and asset sales underscore financial pressure. Debt and planned park sales report
- Negative Sentiment: A securities law firm announced an investigation into potential securities fraud following disclosures about safety issues and a prior share-price decline. The investigation is an allegation, not a finding, but adds legal and reputational uncertainty. Investigation announcement
- Negative Sentiment: A report says Six Flags will close a historic theme park, raising concerns about the impact on its park portfolio; the provided report does not specify financial details. Theme park closure report
About Six Flags Entertainment
(
Get Free Report)
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.
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