Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.26 and last traded at $12.3690, with a volume of 1335218 shares trading hands. The stock had previously closed at $12.73.
Wall Street Analysts Forecast Growth
FUN has been the topic of several analyst reports. Zacks Research downgraded Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th. Barclays lowered their price target on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Truist Financial cut their price objective on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Finally, Citigroup restated a “neutral” rating on shares of Six Flags Entertainment in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $21.50.
Get Our Latest Stock Analysis on FUN
Six Flags Entertainment Stock Up 1.3%
Insiders Place Their Bets
In other Six Flags Entertainment news, CEO John Reilly bought 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the transaction, the chief executive officer owned 297,736 shares in the company, valued at $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.
Institutional Trading of Six Flags Entertainment
A number of large investors have recently made changes to their positions in FUN. BlackRock Inc. bought a new position in shares of Six Flags Entertainment in the 2nd quarter worth approximately $339,057,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Six Flags Entertainment during the fourth quarter valued at approximately $36,661,000. Kanen Wealth Management LLC purchased a new stake in Six Flags Entertainment during the first quarter valued at approximately $15,063,000. Bank of New York Mellon Corp bought a new position in Six Flags Entertainment in the second quarter worth approximately $11,975,000. Finally, Clearline Capital LP boosted its stake in shares of Six Flags Entertainment by 2,541.5% during the 4th quarter. Clearline Capital LP now owns 565,495 shares of the company’s stock worth $8,675,000 after acquiring an additional 544,087 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.
About Six Flags Entertainment
Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.
Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.
Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.
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