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

Key Points

• CEO John Reilly purchased 15,713 Six Flags shares at an average price of $15.80, spending approximately $248,265. His direct holdings rose 5.57% to 297,736 shares under a pre-arranged Rule 10b5-1 plan.
• Six Flags shares traded at $16.39, with a market capitalization of about $1.68 billion. The stock remains below its 50-day and 200-day moving averages and has traded between $12.51 and $27.37 over the past year.
• Institutional investors own 64.65% of the company, while analyst sentiment is mixed: MarketBeat reports an average rating of Hold and a consensus price target of $21.93.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) CEO John Reilly purchased 15,713 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares of the company's stock, valued at $4,704,228.80. This represents a 5.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Six Flags Entertainment Stock Performance

Six Flags Entertainment stock traded up $0.48 during midday trading on Wednesday, hitting $16.39. The company's stock had a trading volume of 2,237,940 shares, compared to its average volume of 2,215,090. Six Flags Entertainment Corporation has a 1-year low of $12.51 and a 1-year high of $27.37. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36. The company has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $18.85. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -0.95 and a beta of 0.40.

Institutional Trading of Six Flags Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in FUN. BlackRock Inc. bought a new position in Six Flags Entertainment in the second quarter valued at approximately $339,057,000. Morgan Stanley boosted its holdings in shares of Six Flags Entertainment by 62.1% in the 4th 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 in the last quarter. Darlington Partners Capital Management LP boosted its holdings in shares of Six Flags Entertainment by 20.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company's stock valued at $264,741,000 after purchasing an additional 1,460,000 shares in the last quarter. UBS Group AG increased its stake in shares of Six Flags Entertainment by 533.4% in the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company's stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. Finally, Dendur Capital LP increased its stake in shares of Six Flags Entertainment by 6.2% in the 4th quarter. Dendur Capital LP now owns 4,953,500 shares of the company's stock valued at $75,987,000 after purchasing an additional 290,000 shares during the last quarter. Institutional investors own 64.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citizens Jmp dropped their price target on shares of Six Flags Entertainment from $29.00 to $24.00 and set a "market outperform" rating for the company in a research report on Friday, August 7th. Citigroup restated a "neutral" rating on shares of Six Flags Entertainment in a research note on Friday, August 7th. Barclays dropped their price objective on Six Flags Entertainment from $26.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Stifel Nicolaus set a $23.00 target price on Six Flags Entertainment in a research report on Friday, August 7th. Finally, Zacks Research raised Six Flags Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Six Flags Entertainment currently has an average rating of "Hold" and a consensus target price of $21.93.

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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