Six Flags Entertainment Corporation (NYSE:FUN – Get Free Report) Director Rehan Jaffer purchased 125,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the acquisition, the director owned 4,900,000 shares in the company, valued at $114,709,000. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rehan Jaffer also recently made the following trade(s):
- On Friday, June 12th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The shares were bought at an average price of $23.69 per share, for a total transaction of $2,961,250.00.
Six Flags Entertainment Stock Up 4.1%
NYSE FUN traded up $0.96 during trading hours on Tuesday, hitting $24.30. 1,497,143 shares of the company were exchanged, compared to its average volume of 2,107,627. The company has a 50 day moving average of $20.04 and a two-hundred day moving average of $17.60. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 19.13. Six Flags Entertainment Corporation has a 52-week low of $12.51 and a 52-week high of $33.50. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -1.49 and a beta of 0.38.
Institutional Trading of Six Flags Entertainment
A number of large investors have recently made changes to their positions in FUN. Russell Investments Group Ltd. boosted its position in shares of Six Flags Entertainment by 26.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the period. Invesco Ltd. lifted its position in Six Flags Entertainment by 2.5% during the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after acquiring an additional 5,775 shares during the period. State Street Corp lifted its position in Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after acquiring an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Six Flags Entertainment by 249.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after acquiring an additional 465,572 shares during the period. 64.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on FUN. Barclays increased their price objective on Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings downgraded Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. Citigroup increased their price objective on Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Finally, JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.15.
Read Our Latest Analysis on FUN
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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