Six Flags Entertainment (NYSE:FUN) CEO John Reilly Purchases 15,713 Shares of Stock

Six Flags Entertainment Corporation (NYSE:FUNGet Free Report) CEO John Reilly bought 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer owned 297,736 shares of the company’s stock, valued at $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Six Flags Entertainment Price Performance

FUN opened at $16.39 on Thursday. The stock’s 50-day moving average price is $19.96 and its 200 day moving average price is $18.84. Six Flags Entertainment Corporation has a 12-month low of $12.51 and a 12-month high of $27.37. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -0.95 and a beta of 0.40.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Six Flags Entertainment in the 2nd quarter valued at $339,057,000. UBS Group AG grew its position in Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock worth $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. Rush Island Management LP acquired a new position in Six Flags Entertainment in the second quarter valued at $115,454,000. Morgan Stanley increased its stake in Six Flags Entertainment by 62.1% in the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after purchasing an additional 3,629,445 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at about $36,661,000. 64.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FUN has been the subject of several recent analyst reports. Northcoast Research initiated coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They set a “neutral” rating for the company. Stifel Nicolaus set a $23.00 price target on shares of Six Flags Entertainment in a research note on Friday, August 7th. Oppenheimer reduced their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Mizuho set a $10.00 target price on shares of Six Flags Entertainment and gave the company an “underperform” rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $21.93.

View Our Latest Report on Six Flags Entertainment

Six Flags Entertainment Company Profile

(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.

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