Six Flags Entertainment (NYSE:FUN) Stock: Insider Richard Haddrill Buys 9,000 Shares

Key Points

• Insider Richard Haddrill bought 9,000 shares at an average of $10.08 each, spending $90,720 and increasing his direct stake by 3.91% to 239,117 shares.
• Six Flags shares fell 5.9% to $10.12. Its latest quarter missed earnings expectations by $5.52 per share, while revenue of $1.17 billion slightly topped estimates but declined 11% year over year.
• Analysts’ overall rating was Hold, with a consensus price target of $14.85; several firms had recently lowered their price targets.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) insider Richard Haddrill acquired 9,000 shares of the firm's stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $10.08 per share, for a total transaction of $90,720.00. Following the acquisition, the insider directly owned 239,117 shares in the company, valued at $2,410,299.36. This represents a 3.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Six Flags Entertainment Trading Down 5.9%

Six Flags Entertainment stock traded down $0.64 during trading on Tuesday, reaching $10.12. 4,627,306 shares of the company were exchanged, compared to its average volume of 2,729,617. The stock's 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $16.69. The company has a market capitalization of $1.04 billion, a P/E ratio of -1.11 and a beta of 0.50. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. Six Flags Entertainment Corporation has a 52-week low of $6.60 and a 52-week high of $26.28.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($3.59) EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($5.52). Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted ($2.20) earnings per share. The company's revenue was down 11.0% on a year-over-year basis. On average, equities research analysts expect that Six Flags Entertainment Corporation will post -0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Oppenheimer dropped their price objective on Six Flags Entertainment from $26.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Barclays cut their price objective on shares of Six Flags Entertainment from $22.00 to $13.00 and set an "overweight" rating for the company in a research report on Friday. Citigroup dropped their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday. Truist Financial reduced their price target on shares of Six Flags Entertainment from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $9.00 price objective on shares of Six Flags Entertainment in a research note on Friday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.85.

Six Flags Entertainment News Roundup

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Insider Christopher Lawrence Bennett bought 5,000 shares for about $46,600, increasing his stake by 10.71%. The purchase may indicate confidence in the company. SEC filing
• Negative Sentiment: A securities law firm announced an investigation into potential securities fraud related to company statements about safety, maintenance, and ride reliability. This is an investigation, not a finding of wrongdoing, but could bring legal and reputational risks. Investigation announcement
• Negative Sentiment: JPMorgan lowered its price target to $12 from $22 and kept a neutral rating; Citi cut its target to $10 from $13, also maintaining a neutral rating. The reductions signal more cautious expectations. JPMorgan rating information Citi rating information
• Negative Sentiment: CEO John Reilly reportedly said the company has more debt than it wants, with about $5 billion outstanding, and plans to sell additional parks to reduce it. The debt burden and prospective asset sales highlight balance-sheet pressure. Debt and park sales report

Institutional Trading of Six Flags Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System grew its holdings in shares of Six Flags Entertainment by 53.4% during the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company's stock valued at $244,000 after buying an additional 7,940 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Six Flags Entertainment during the third quarter valued at approximately $4,884,000. Lido Advisors LLC acquired a new position in shares of Six Flags Entertainment during the 3rd quarter worth $1,022,000. State of Wyoming increased its stake in shares of Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company's stock worth $360,000 after purchasing an additional 7,194 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Six Flags Entertainment by 138.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company's stock valued at $519,000 after purchasing an additional 28,200 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and related resort properties. Its attractions include rides, live entertainment, family activities, dining and seasonal events, with access offered through single-day tickets, season passes and other guest programs. The company serves visitors across the United States, Canada and Mexico through parks that include properties formerly operated by both the Six Flags and Cedar Fair organizations. Six Flags Entertainment was formed when Cedar Fair and Six Flags combined in a merger completed in 2024.

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