Workflow
Cedar Fair(FUN)
icon
Search documents
Six Flags Entertainment Corporation (NYSE: FUN) Faces Financial and Legal Challenges
Financial Modeling Prep· 2025-11-21 07:02
Core Viewpoint - Six Flags Entertainment Corporation (NYSE:FUN) is facing financial challenges and legal issues, but UBS has set a price target of $27, indicating a potential increase of approximately 89.56% from its current price of $12.83 [1][5]. Financial Performance - The current stock price of FUN is $12.83, reflecting a decrease of 5.17% with a change of $0.70. The stock has fluctuated between a low of $12.79 and a high of $13.98 today. Over the past year, the stock reached a high of $49.77 and a low of $12.79, indicating significant volatility [3][5]. - FUN has a market capitalization of approximately $1.3 billion, with a trading volume of 4,346,345 shares on the NYSE, showing active investor interest despite current challenges [4]. Legal Issues - A securities fraud class action lawsuit has been filed against Six Flags, claiming the company failed to disclose important information during its merger with Cedar Fair, L.P. on July 1, 2024. The lawsuit alleges that Six Flags has been underinvesting in its parks and operations for several years [2][5].
Six Flags Entertainment Corporation (FUN) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-11-20 22:36
Core Viewpoint - Investors in Six Flags Entertainment Corporation have the opportunity to lead a securities fraud class action lawsuit due to alleged undisclosed issues related to the company's merger with Cedar Fair, L.P. [1][2] Summary by Relevant Sections Lawsuit Details - The lawsuit claims that Six Flags' registration statement and prospectus related to the July 1, 2024 merger failed to disclose significant underinvestment in parks and operations, including deferred maintenance and operational improvements [2] - It is alleged that Six Flags required millions in undisclosed capital and operational expenditures to maintain or grow its market share in the competitive amusement park industry [2] - The complaint states that the revenue and operational forecasts presented to investors were not achievable based on the company's chronic disinvestment and undisclosed capital needs [2] - Positive statements made by the defendants regarding the company's business and prospects were claimed to be materially misleading and lacked a reasonable basis [2]
Robbins Geller Rudman & Dowd LLP Announces that Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-11-20 15:15
SAN DIEGO, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN) common stock pursuant or traceable to the company’s registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation (“Legacy Six Flags”) with Cedar Fair, L.P. (“Cedar Fair”), and their subsidiaries and affiliates (the “Merger”), have until Mon ...
Land & Buildings Opens Major $36 Million Six Flags Entertainment Position: Should Investors Buy Too?
Yahoo Finance· 2025-11-19 21:26
Core Insights - Six Flags Entertainment focuses on delivering unique entertainment experiences to maintain competitive differentiation and recurring attendance [1] - The company operates amusement and water parks across 17 states in the U.S., Canada, and Mexico, generating revenue from park admissions, in-park spending, and licensing of intellectual property [2] Financial Performance - As of November 14, 2025, Six Flags shares were priced at $14.60, with a 69% decline over the past year and a negative alpha of 81 percentage points compared to the S&P 500 [3] - The company has a market cap of $1.4 billion and a debt load of $5 billion, indicating significant financial pressure [7] Investment Activity - Land & Buildings established a new position in Six Flags during the fiscal third quarter, acquiring 1,585,580 shares valued at $36.02 million, making it the fund's 5th-largest holding [4][6] - Institutional investors have been increasing their stakes in Six Flags despite the stock's significant decline since its acquisition of Cedar Fair in 2024 [6] Market Position and Valuation - Six Flags is trading at 9 times EBITDA and 0.4 times sales, suggesting that any return to profitability could yield substantial gains for investors over the next three to ten years [9] - The company targets a wide demographic of leisure consumers seeking high-value, memorable experiences, supported by a broad geographic footprint and established brand relationships [5]
Deadline Alert: Six Flags Entertainment Corporation (FUN) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-19 19:11
Core Points - The article highlights the upcoming January 5, 2026 deadline for investors to file a lead plaintiff motion in a class action lawsuit related to Six Flags Entertainment Corporation [1] Group 1 - The class action is on behalf of investors who purchased or acquired Six Flags common stock linked to the company's registration statement and prospectus [1] - The lawsuit is connected to the merger of Six Flags with Cedar Fair, L.P. that took place on July 1, 2024 [1]
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Six Flags Entertainment Corporation (NYSE: FUN)
Globenewswire· 2025-11-19 15:34
NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (“Six Flags” or the “Company”) (NYSE: FUN) common stock pursuant or traceable to the Company’s registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation (“Legacy Six ...
Jana Partners Opens $92 Million Six Flags Entertainment Position: Will Investors Have FUN Buying the Stock?
The Motley Fool· 2025-11-19 05:44
Group 1 - JANA Partners has initiated a new equity stake in Six Flags Entertainment Corporation, purchasing 4,049,940 shares valued at approximately $92.01 million, representing 4.45% of the fund's reported U.S. equity assets [2][3] - As of November 14, 2025, Six Flags shares were priced at $14.60, reflecting a 69% decline over the past year and underperforming the S&P 500 by 81 percentage points [3] - Six Flags Entertainment operates regional amusement and water parks across 17 states and three countries, leveraging branded attractions to drive attendance and ancillary spending [5][7] Group 2 - The company reported a total revenue of $3.14 billion and a net income of -$1.75 billion, with a market capitalization of $1.48 billion as of November 14, 2025 [4] - Following the acquisition of Cedar Fair in 2024, Six Flags' stock has dropped from $50 per share to approximately $15, attributed to merger difficulties and higher-than-expected capital expenditures [9][10] - Despite challenges, Six Flags generated $270 million in free cash flow in 2022, indicating potential for over $400 million in free cash flow in the long term if the merger stabilizes [11]
INVESTOR ALERT: Attorneys File Class Action Lawsuit Against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit
Prnewswire· 2025-11-17 12:55
Core Viewpoint - The class action lawsuit against Six Flags Entertainment Corporation alleges that the company misrepresented its financial health and operational needs during its merger with Cedar Fair, leading to significant stock price declines post-merger [3][4]. Company Overview - Six Flags Entertainment Corporation, previously known as CopperSteel HoldCo, Inc., is an amusement park operator that recently underwent a merger with Cedar Fair, L.P. on July 1, 2024 [2][3]. Legal Allegations - The lawsuit claims that the registration statement for the merger failed to disclose chronic underinvestment in Legacy Six Flags, which required substantial additional capital to maintain operations and competitiveness in the amusement park market [3]. - It is alleged that the company's executives, including CEO Selim Bassoul, misled investors by claiming that transformational investment initiatives were pursued, while in reality, the company was in dire need of undisclosed capital [3]. Financial Impact - Following the merger, Six Flags' stock price dropped from over $55 per share to as low as $20 per share, representing a nearly 64% decline [4].
Investor Files Class Action Lawsuit Against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. and Attorneys Announce Opportunity for Investors with Substantial Losses to Lead Securities Class Action Lawsuit - FUN
Newsfile· 2025-11-15 03:00
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation, alleging that the company and its executives misled investors regarding the financial health and operational needs of the company prior to its merger with Cedar Fair, L.P. [1][3] Summary by Sections Lawsuit Details - The lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Investors who purchased Six Flags stock in connection with the merger have until January 5, 2026, to seek lead plaintiff status [1]. Allegations Against Six Flags - The registration statement for the merger allegedly failed to disclose that Legacy Six Flags had chronic underinvestment and required significant additional capital to maintain its competitive position in the amusement park market [3]. - After becoming CEO in November 2021, Selim Bassoul reduced the employee headcount to cut costs, which negatively impacted operational competence and guest experience [3]. Stock Performance - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20 per share, representing a decline of nearly 64% [4].
FUN Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the Six Flags Entertainment Corporation Class Action Lawsuit
Globenewswire· 2025-11-14 23:24
SAN DIEGO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Company: Six Flags Entertainment Corporation (NYSE: FUN) is an amusement park operator. What is the class period? July 1, 2024, merger of Legacy Six Flags with Cedar Fair, L.P., and their subsidiaries and affiliates What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Six Flags common stock pursuant or traceable to the Company’s registration statement and prospectus ...