Key Points
- Director Rehan Jaffer bought 1.45 million Six Flags shares for about $14.9 million across three transactions on November 6, 9 and 10, lifting his holdings to 6.35 million shares.
- Six Flags reported a quarterly loss of $3.59 per share, missing expectations for earnings of $1.93; revenue slightly beat estimates but declined 11% year over year.
- The stock fell 5.9% in the trading session described, while some analysts lowered price targets. The article also notes investigations into possible securities-law violations and concerns about the company’s debt.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) Director Rehan Jaffer bought 350,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average cost of $10.86 per share, for a total transaction of $3,801,000.00. Following the completion of the purchase, the director owned 5,950,000 shares of the company's stock, valued at $64,617,000. This represents a 6.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Rehan Jaffer also recently made the following trade(s):
- On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was bought at an average price of $10.32 per share, with a total value of $4,128,000.00.
- On Friday, November 6th, Rehan Jaffer purchased 700,000 shares of Six Flags Entertainment stock. The stock was bought at an average cost of $10.00 per share, with a total value of $7,000,000.00.
Six Flags Entertainment Price Performance
Shares of NYSE FUN opened at $10.12 on Wednesday. The firm's 50-day moving average price is $10.84 and its 200-day moving average price is $16.65. Six Flags Entertainment Corporation has a 1-year low of $6.60 and a 1-year high of $26.28. The firm 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 current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 43.34.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($5.52). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. Six Flags Entertainment's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the company earned ($2.20) EPS. Equities research analysts anticipate that Six Flags Entertainment Corporation will post -2.79 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Barclays cut their price target on Six Flags Entertainment from $22.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, November 6th. Mizuho set a $5.00 price objective on Six Flags Entertainment in a research note on Wednesday, October 21st. Citizens Jmp decreased their price objective 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. Weiss Ratings raised Six Flags Entertainment from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday. Finally, UBS Group lowered their target price on Six Flags Entertainment from $27.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. Six equities 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 company. Based on data from MarketBeat, Six Flags Entertainment has a consensus rating of "Hold" and an average target price of $14.85.
Get Our Latest Analysis on FUN
Key Headlines Impacting Six Flags Entertainment
Here are the key news stories impacting Six Flags Entertainment this week:
- Positive Sentiment: Director Rehan Jaffer bought 1.45 million shares across three transactions on November 6, 9 and 10, investing about $14.9 million and increasing his holdings to 6.35 million shares. Other insiders also reported purchases, including Richard Haddrill (9,000 shares) and Christopher Lawrence Bennett (5,000 shares). These buys may signal confidence, though they do not offset the company’s operating and legal risks. Jaffer SEC filing Haddrill SEC filing Bennett SEC filing
- Negative Sentiment: Two law firms announced investigations into possible securities-law violations tied to statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but may add legal and reputational uncertainty after reported safety concerns. BFA Law investigation announcement Pomerantz investigation announcement
- Negative Sentiment: Recent quarterly results showed a steep earnings miss: Six Flags reported a loss of $3.59 per share versus consensus expectations for $1.93 in earnings. Revenue slightly topped estimates but fell 11% year over year, underscoring ongoing operating challenges.
- Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citi lowered its target to $10 from $13; both kept neutral ratings. The significant reductions suggest analysts have tempered their outlook. JPMorgan rating information Citi rating information
- Negative Sentiment: Reports have also highlighted roughly $5 billion in debt and plans to sell parks to reduce it, pointing to balance-sheet pressure and potential changes to the company’s portfolio. Report on debt and planned park sales
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System raised its holdings in shares of Six Flags Entertainment by 53.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company's stock worth $244,000 after acquiring an additional 7,940 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Six Flags Entertainment in the 3rd quarter valued at about $4,884,000. Lido Advisors LLC acquired a new position in Six Flags Entertainment during the 3rd quarter valued at about $1,022,000. State of Wyoming boosted its stake in Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company's stock valued at $360,000 after purchasing an additional 7,194 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Six Flags Entertainment by 138.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company's stock valued at $519,000 after purchasing an additional 28,200 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.
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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