Key Points
- Director Rehan Jaffer bought 225,000 Six Flags shares for $2.57 million at an average price of $11.42, bringing his direct holdings to 7.175 million shares. The purchase followed several additional stock buys during the preceding week.
- Six Flags reported a third-quarter loss of $3.59 per share, well below analysts’ $1.93 loss estimate; revenue was $1.17 billion, down 11% year over year. The company’s reported $366.1 million quarterly loss was largely tied to impairments, while same-park EBITDA and free cash flow improved.
- Analysts’ consensus rating was Hold, with an average price target of $14.85. Recent target cuts and the company’s elevated debt remain concerns.
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) Director Rehan Jaffer purchased 225,000 shares of the stock in a transaction on Friday, November 13th. The shares were purchased at an average cost of $11.42 per share, for a total transaction of $2,569,500.00. Following the acquisition, the director directly owned 7,175,000 shares of the company's stock, valued at approximately $81,938,500. This represents a 3.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rehan Jaffer also recently made the following trade(s):
- On Thursday, November 12th, Rehan Jaffer acquired 250,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $11.18 per share, for a total transaction of $2,795,000.00.
- On Wednesday, November 11th, Rehan Jaffer bought 350,000 shares of Six Flags Entertainment stock. The shares were purchased at an average price of $11.09 per share, for a total transaction of $3,881,500.00.
- On Tuesday, November 10th, Rehan Jaffer purchased 400,000 shares of Six Flags Entertainment stock. The stock was acquired at an average price of $10.32 per share, with a total value of $4,128,000.00.
- On Monday, November 9th, Rehan Jaffer purchased 350,000 shares of Six Flags Entertainment stock. The shares were acquired at an average cost of $10.86 per share, for a total transaction of $3,801,000.00.
- On Friday, November 6th, Rehan Jaffer acquired 700,000 shares of Six Flags Entertainment stock. The stock was acquired 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 traded up $0.37 during mid-day trading on Friday, reaching $11.56. The company's stock had a trading volume of 3,344,577 shares, compared to its average volume of 6,644,942. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.52 and a quick ratio of 0.46. Six Flags Entertainment Corporation has a 52 week low of $6.60 and a 52 week high of $26.28. The stock has a fifty day moving average of $10.62 and a two-hundred day moving average of $16.56. The firm has a market capitalization of $1.18 billion, a PE ratio of -1.26 and a beta of 0.50.
Six Flags Entertainment (NYSE:FUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($5.52). Six Flags Entertainment had a negative return on equity of 15.95% and a negative net margin of 31.91%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm posted ($2.20) earnings per share. The firm's revenue for the quarter was down 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Six Flags Entertainment Corporation will post -4.56 EPS for the current fiscal year.
Recent Six Flags Entertainment Headlines
Here are a few of the latest headlines about FUN:
- Neutral Sentiment: Six Flags reported a $366.1 million third-quarter loss, largely tied to impairments, but same-park EBITDA and free cash flow improved. The mixed operating picture is set against elevated debt. Six Flags Q3 results and insider buying
- Negative Sentiment: Fresh analyst target cuts lowered estimates of Six Flags’ fair value, which could constrain investor optimism. Analyst target cuts
- Negative Sentiment: Law firms announced investigations into potential securities-law claims following the company’s stock decline. These announcements are not findings of wrongdoing, but may add uncertainty and reputational risk. BFA Law investigation announcement
Institutional Investors Weigh In On Six Flags Entertainment
A number of hedge funds have recently bought and sold shares of FUN. Atlas Wealth LLC purchased a new position in shares of Six Flags Entertainment in the 1st quarter worth $26,000. Integrated Wealth Concepts LLC bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth about $31,000. Allworth Financial LP bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth about $35,000. Sterling Capital Management LLC raised its position in shares of Six Flags Entertainment by 846.3% during the 3rd quarter. Sterling Capital Management LLC now owns 3,227 shares of the company's stock valued at $35,000 after buying an additional 2,886 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company's stock valued at $36,000 after buying an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Citizens Jmp dropped their target price on shares of Six Flags Entertainment from $24.00 to $14.00 and set a "market outperform" rating for the company in a research report on Thursday, October 22nd. Citigroup reduced their price target on shares of Six Flags Entertainment from $13.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, November 9th. Mizuho set a $5.00 price target on shares of Six Flags Entertainment in a research note on Wednesday, October 21st. Zacks Research upgraded Six Flags Entertainment from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Finally, Stifel Nicolaus set a $15.00 target price on Six Flags Entertainment in a report on Thursday, November 5th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.85.
View Our Latest Stock Analysis on Six Flags Entertainment
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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