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Insider Trading November 11, 2026 03:31 AM

Six Flags Executive Chair Haddrill Purchases $90,720 in Company Shares

The insider buy comes as the stock has rebounded 28% in the past week but remains down 50% over six months.

By Caleb Monroe
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Richard M. Haddrill, Executive Chair of Six Flags Entertainment Corporation, acquired 9,000 shares of the company's common stock on November 6, 2026, for a total of $90,720. The purchase was made at a weighted average price of $10.08, with individual share prices ranging from $10.07 to $10.09. Following the transaction, Haddrill directly holds 239,117 shares. The insider purchase coincides with a 28% rebound in Six Flags stock over the last week, though shares are still down roughly 50% over the past six months. The stock currently trades slightly above Fair Value estimates, suggesting modest overvaluation. In other recent news, Six Flags reported third-quarter 2026 revenue of $1.17 billion, in line with expectations, but posted a net loss of $3.59 per share due to a $688 million non-cash impairment charge. The company is also in discussions with unit holders of Six Flags Over Georgia to potentially defer a payment due in the first quarter of 2027 and is assessing its parks and real estate portfolio for potential asset sales. Analyst actions include Goldman Sachs raising its price target to $9.00 from $6.00 while maintaining a Neutral rating, and Stifel lowering its price target to $15 from $23, citing leverage concerns and noting that Six Flags is more actively pursuing asset sales to reduce debt.

Six Flags Executive Chair Haddrill Purchases $90,720 in Company Shares
FUN
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Key Points

  • Executive Chair Richard M. Haddrill bought 9,000 shares for $90,720 at a weighted average price of $10.08, increasing his direct holdings to 239,117 shares.
  • The purchase occurred as Six Flags stock has rebounded 28% in the past week but remains down about 50% over six months, with shares trading slightly above Fair Value estimates.
  • The company reported Q3 2026 revenue of $1.17 billion, in line with expectations, but a net loss of $3.59 per share due to a $688 million non-cash impairment charge, while analysts have mixed views on the stock.

Richard M. Haddrill, Executive Chair of Six Flags Entertainment Corporation (NASDAQ:FUN), acquired 9,000 shares of the company's common stock on November 6, 2026, according to a regulatory filing. The transaction totaled $90,720, with shares purchased at a weighted average price of $10.08. Individual share prices for these acquisitions ranged from $10.07 to $10.09. Following this purchase, Mr. Haddrill directly holds 239,117 shares of Six Flags common stock.

The insider purchase comes as Six Flags stock has rebounded with a significant 28% return over the last week, according to InvestingPro data, though shares remain down roughly 50% over the past six months. The stock currently trades slightly above InvestingPro's Fair Value estimate, suggesting modest overvaluation. For investors seeking deeper insights, InvestingPro offers 10 additional exclusive tips on Six Flags, along with comprehensive financial health metrics.

In other recent news, Six Flags Entertainment reported its third-quarter 2026 financial results, revealing revenue of $1.17 billion, which aligned with Wall Street's expectations. Despite meeting revenue forecasts, the company posted a net loss of $3.59 per share, in contrast to the anticipated earnings of $1.98 per share. This loss was primarily attributed to a $688 million non-cash impairment charge. Additionally, Six Flags is actively engaging in discussions with unit holders of Six Flags Over Georgia to potentially defer a payment due in the first quarter of 2027. The company is also assessing its parks and real estate portfolio for potential asset sales. In line with these developments, Goldman Sachs raised its price target for Six Flags shares to $9.00 from $6.00, maintaining a Neutral rating. Meanwhile, Stifel lowered its price target to $15 from $23, citing concerns over the company's leverage. Stifel highlighted that Six Flags is now more actively pursuing asset sales to reduce its debt.

Six Flags Entertainment Corporation is a theme park operator, and its stock is listed on NASDAQ under the ticker FUN. The company's recent financial performance and strategic moves are closely watched by investors in the consumer discretionary sector.

Risks

  • Six Flags' high leverage and potential need for asset sales to reduce debt could pressure the stock if executed at unfavorable prices, impacting the consumer discretionary sector.
  • The company's recent net loss and impairment charge raise questions about asset valuation and future profitability, which may affect investor confidence in the leisure and entertainment industry.
  • Ongoing discussions with Six Flags Over Georgia unit holders regarding a potential payment deferral introduce uncertainty about the company's cash flow and obligations.

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