Six Flags Entertainment Corporation/NEW
Six Flags Entertainment Corporation/NEW (FUN) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.
- The trailing operating margin near negative 44% is largely a merger accounting artifact (Cedar Fair and Six Flags combined in July 2024), not an empty-gates business; the parks ran early-2025 attendance up about 1% over a five-week window. - At about $25 the price requires a margin near 36.5% over time, a steep normalization from a deeply negative base; only revenue-multiple and forward-margin models reach the price while asset frames land near $2.50 to $2.75. - Net debt above $5 billion again
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285 institutional managers reported holding FUN in 13F filings for the quarter ended 2026-03-31. 43 opened new positions that quarter. Held by BlackRock, Vanguard Group, UBS, among others. On the short side, 17.9M shares were sold short as of the 2026-06-15 count, about 18% of shares outstanding (9.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at FUN over the trailing three years: 2025: 2 buys totaling $248k; 2026: 2 buys totaling $5.94M. 27 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FUN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2024-11-07 | +7.1% | +3.1% |
| 2025-03-04 | -4.4% | -12.4% |
| 2025-05-09 | -0.6% | -17.2% |
| 2025-08-07 | -18.1% | -16.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FUN's latest 8-K filings: 2026-07-02 (items 5.02, 7.01, 9.01); 2026-07-01 (items 5.02); 2026-05-27 (items 5.02, 7.01, 9.01); 2026-05-27 (items 5.07); 2026-05-20 (items 1.01, 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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