Six Flags Entertainment (NYSE:FUN) Director Buys $2,961,250.00 in Stock

Six Flags Entertainment Corporation (NYSE:FUNGet Free Report) Director Rehan Jaffer bought 125,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $23.69 per share, for a total transaction of $2,961,250.00. Following the purchase, the director owned 4,775,000 shares in the company, valued at approximately $113,119,750. This trade represents a 2.69% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rehan Jaffer also recently made the following trade(s):

  • On Monday, June 15th, Rehan Jaffer purchased 125,000 shares of Six Flags Entertainment stock. The shares were acquired at an average cost of $23.41 per share, with a total value of $2,926,250.00.

Six Flags Entertainment Stock Up 0.1%

Shares of Six Flags Entertainment stock opened at $24.91 on Friday. Six Flags Entertainment Corporation has a twelve month low of $12.51 and a twelve month high of $33.50. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -1.53 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. The company has a fifty day moving average price of $20.48 and a 200 day moving average price of $17.80.

Six Flags Entertainment (NYSE:FUNGet Free Report) last released its quarterly earnings data 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 positive return on equity of 5.17% and a negative net margin of 52.76%.The company had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Equities research analysts forecast that Six Flags Entertainment Corporation will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FUN shares. Weiss Ratings lowered Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Truist Financial increased their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research note on Friday, May 8th. The Goldman Sachs Group boosted their target price on shares of Six Flags Entertainment from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Citigroup upped their target price on shares of Six Flags Entertainment from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment has a consensus rating of “Hold” and an average target price of $25.15.

View Our Latest Stock Analysis on Six Flags Entertainment

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC raised its position in shares of Six Flags Entertainment by 145.5% in the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after purchasing an additional 975 shares in the last quarter. Atlas Wealth LLC acquired a new stake in shares of Six Flags Entertainment during the first quarter worth approximately $26,000. Danske Bank A S bought a new stake in shares of Six Flags Entertainment in the third quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Six Flags Entertainment in the fourth quarter worth $28,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment in the third quarter valued at $30,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

(Get Free Report)

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.

Further Reading

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