Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) insider Richard Haddrill bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $19.08 per share, with a total value of $190,800.00. Following the completion of the transaction, the insider directly owned 230,117 shares in the company, valued at approximately $4,390,632.36. This trade represents a 4.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Six Flags Entertainment Stock Up 5.9%
Shares of NYSE:FUN opened at $21.27 on Friday. Six Flags Entertainment Corporation has a 52 week low of $12.51 and a 52 week high of $38.27. The company has a debt-to-equity ratio of 19.13, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $2.17 billion, a PE ratio of -1.30 and a beta of 0.35. The company has a 50 day moving average price of $18.24 and a two-hundred day moving average price of $17.15.
Six Flags Entertainment (NYSE:FUN – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The firm had revenue of $225.63 million during the quarter, compared to the consensus estimate of $207.49 million. Analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on FUN
Hedge Funds Weigh In On Six Flags Entertainment
Several institutional investors and hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. grew its position in shares of Six Flags Entertainment by 12.5% in the 1st quarter. Saba Capital Management L.P. now owns 112,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 12,500 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Six Flags Entertainment by 36.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. First Trust Advisors LP bought a new stake in Six Flags Entertainment in the 1st quarter valued at approximately $1,412,000. PNC Financial Services Group Inc. lifted its stake in Six Flags Entertainment by 25.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock valued at $170,000 after acquiring an additional 1,947 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Six Flags Entertainment in the 1st quarter valued at approximately $347,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.
About Six Flags Entertainment
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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