Rehan Jaffer is buying 50,000 shares of Six Flags Entertainment Co. (NYSE:SIX).

Six Flags Entertainment Co. (NYSE:SIX – Get Rating) major shareholder Rehan Jaffer acquired 50,000 shares of the company on Tuesday, November 22nd. The shares were purchased at an average price of $21.79 per share for a total transaction of $1,089,500.00. With the acquisition complete, the insider now owns 11,400,000 shares of the company’s stock valued at $248,406,000. The transaction was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. Major shareholders who own 10% or more of a company’s stock must disclose their sales and purchases to the SEC.

Rehan Jaffer also recently made the following trades:

  • On Friday, November 18th, Rehan Jaffer acquired 100,000 shares of Six Flags Entertainment. The shares were purchased at an average price of $22.27 per share for a total transaction of $2,227,000.00.
  • On Tuesday September 13, Rehan Jaffer acquired 100,000 shares of Six Flags Entertainment. The shares were purchased at an average price of $22.98 per share for a total transaction of $2,298,000.00.

Six Flags Entertainment trade up 1.0%

Six Flags Entertainment shares rose $0.22 on Tuesday afternoon to hit $22.00. 1,881,288 shares of the stock were exchanged compared to an average volume of 2,522,296. Six Flags Entertainment Co. has a 52-week low of $16.83 and a 52-week high of $47.24. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.11 and a beta of 2.20. The stock’s 50-day simple moving average is $20.71 and its 200-day simple moving average is $23.31.

Institutional investors rely on Six Flags Entertainment

Institutional investors recently changed their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Six Flags Entertainment stock valued at approximately $35,000 during the first quarter. Captrust Financial Advisors increased its stake in Six Flags Entertainment by 58.9% in the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company, valued at $55,000, after purchasing an additional 466 shares last quarter. Spire Wealth Management increased its position in shares of Six Flags Entertainment by 464.1% in the second quarter. Spire Wealth Management now owns 1,258 shares of the company, valued at $27,000, having purchased an additional 1,035 shares during this period. Glassman Wealth Services increased its position in shares of Six Flags Entertainment by 644.3% in the second quarter. Glassman Wealth Services now owns 1,310 shares of the company, valued at $28,000, having purchased an additional 1,134 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Six Flags Entertainment stock valued at $77,000 during the first quarter. 92.10% of the shares are currently owned by institutional investors and hedge funds.

Analysts set new price targets

SIX has been the subject of several recent analyst reports. Rosenblatt Securities lowered its target price on shares of Six Flags Entertainment to $28.00 from $56.00 and gave the stock a “buy” rating in a report on Friday, August. William Blair downgraded shares of Six Flags Entertainment from a “outperform” rating to a “market perform” rating in a research note on Friday, November 11, and raised the price target on the stock to 47 from $22.00 $.00. Credit Suisse Group lowered its target price on shares of Six Flags Entertainment to $39.00 in a research note on Wednesday, November 16. KeyCorp downgraded shares of Six Flags Entertainment from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 12. Finally, Oppenheimer lowered its target price on shares of Six Flags Entertainment to $27.00 in a research note on Tuesday, November 15. Seven investment analysts have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of Hold and an average target price of $30.58.

About Six Flags Entertainment

(get rating)

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. Its parks offer a variety of rides, water attractions, themed areas, concerts and shows, restaurants, gaming venues, and retail outlets. The Company also sells food, beverages, merchandise and other products and services at its parks.

Selected Stories

Insider Buying and Sales by Quarter for Six Flags Entertainment (NYSE:SIX)

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