{"id":2166257,"date":"2025-11-19T11:14:48","date_gmt":"2025-11-19T11:14:48","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2166257"},"modified":"2025-11-19T11:14:48","modified_gmt":"2025-11-19T11:14:48","slug":"jana-partners-opens-92-million-six-flags-entertainment-position-will-investors-have-fun-buying-the-stock","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/jana-partners-opens-92-million-six-flags-entertainment-position-will-investors-have-fun-buying-the-stock\/","title":{"rendered":"Jana Partners Opens $92 Million Six Flags Entertainment Position: Will Investors Have FUN Buying the Stock?"},"content":{"rendered":"<p><\/p>\n<p>Investors may want to consider joining Travis Kelce and Jana Partners in buying shares of Six Flags Entertainment following its 76% decline from its 2024 high.<\/p>\n<div id=\"article-body\">\n<p>JANA Partners Management disclosed a new position in Six Flags Entertainment Corporation <span class=\"ticker-mention inline-flex items-center font-bold\" data-id=\"547066\">(<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fool.com\/quote\/nyse\/fun\/\" class=\"font-bold hover:underline\">FUN<\/a> <span class=\"ml-1 text-green-900\">+0.21%<\/span>)<\/span>, adding 4,049,940 shares, an estimated $92.01 million, in its Nov. 14, 2025, SEC filing.<\/p>\n<h2 id=\"what-happened\" class=\"my-6 text-2xl font-bold\">What happened<\/h2>\n<p>According to a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1998597\/000090266425005066\/0000902664-25-005066-index.html\" class=\"text-cyan-900 hover:text-cyan-800\" target=\"_blank\" rel=\"noopener noreferrer\">filing with the Securities and Exchange Commission<\/a> dated Nov. 14, 2025, JANA Partners initiated a new equity stake in Six Flags Entertainment Corporation, purchasing 4,049,940 shares. <\/p>\n<p>The position was valued at $92.01 million at the end of the third quarter. <\/p>\n<p>The addition accounted for 4.45% of the fund\u2019s reported U.S. equity assets.<\/p>\n<h2 id=\"what-else-to-know\" class=\"my-6 text-2xl font-bold\">What else to know<\/h2>\n<p>This represents a new position, accounting for 4.45% of JANA Partners\u2019 13F reportable assets under management as of Sept. 30, 2025.<\/p>\n<p>Jana&#8217;s top holdings after the filing:\u00a0 <\/p>\n<ol>\n<li><strong>Mercury Systems <\/strong>(NASDAQ: MRCY): $461.26 million (22.3% of AUM)<\/li>\n<li><strong>Lamb Weston <\/strong>(NYSE: LW): $290.90 million (14.1% of AUM)<\/li>\n<li><strong>Markel <\/strong>(NYSE: MKL): $281.76 million (13.6% of AUM)<\/li>\n<li><strong>SPDR S&amp;P 500 ETF Trust <\/strong>(NYSEMKT: SPY): $257.57 million (12.5% of AUM)<\/li>\n<li><strong>Cooper Companies <\/strong>(NASDAQ: COO): $166.92 million (8.1% of AUM)<\/li>\n<\/ol>\n<p>As of Nov. 14, 2025, shares of Six Flags Entertainment were priced at $14.60, down 69% over the past year, underperforming the S&amp;P 500 by 81 percentage points.<\/p>\n<h2 id=\"company-overview\" class=\"my-6 text-2xl font-bold\">Company Overview<\/h2>\n<div class=\"table-responsive\">\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Revenue (TTM)<\/td>\n<td>$3.14 billion<\/td>\n<\/tr>\n<tr>\n<td>Net Income (TTM)<\/td>\n<td>$-1.75 billion<\/td>\n<\/tr>\n<tr>\n<td>Market Capitalization<\/td>\n<td>$1.48 billion<\/td>\n<\/tr>\n<tr>\n<td>Price (as of market close 2025-11-14)<\/td>\n<td>$14.60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2 id=\"company-snapshot\" class=\"my-6 text-2xl font-bold\">Company Snapshot<\/h2>\n<p>Six Flags Entertainment:<\/p>\n<ul>\n<li>Operates amusement parks, water parks, and resort properties across North America, leveraging branded intellectual property such as Looney Tunes, DC Comics, and PEANUTS.<\/li>\n<li>Serves families, thrill-seekers, and tourists seeking entertainment and leisure experiences in the United States, Canada, and Mexico.<\/li>\n<li>Utilizes partnerships and themed experiences to drive attendance and customer engagement across its portfolio of 27 parks.<\/li>\n<\/ul>\n<p>Six Flags Entertainment Corporation is a leading operator of regional amusement and water parks, with a presence spanning 17 states and three countries. <\/p>\n<p>The company differentiates itself through a portfolio of branded attractions and themed experiences, driving attendance and ancillary spending. <\/p>\n<p>Its scale and intellectual property partnerships provide a competitive edge in the North American leisure industry.<\/p>\n<h2 id=\"foolish-take\" class=\"my-6 text-2xl font-bold\">Foolish take<\/h2>\n<p>Six Flags Entertainment might be the perfect example of a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fool.com\/terms\/t\/turnaround\/\" class=\"text-cyan-900 hover:text-cyan-800\">turnaround stock<\/a> that Jana Partners can help shake-up.<\/p>\n<p>Following the acquisition of Cedar Fair in 2024, Six Flags&#8217; stock has declined from $50 per share to approximately $15 today.<\/p>\n<p>Much of this stems from standard merger difficulties, such as writing off unforeseen costs, synergies taking longer than expected to develop, and capital expenditures being higher than initially anticipated.<\/p>\n<p>These factors, paired with what management called a &#8220;bad quarter for weather,&#8221; created a stock with a market cap of just $1.4 billion versus debt obligations of $5 billion.<\/p>\n<p>As bleak as this may look, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fool.com\/terms\/a\/activist-investing\/\" class=\"text-cyan-900 hover:text-cyan-800\">activist investors at Jana Partners<\/a> have an impressive track record of generating impressive returns from similar turnaround stocks.<\/p>\n<p>Considering Six Flags generated $270 million in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fool.com\/terms\/f\/free-cash-flow\/\" class=\"text-cyan-900 hover:text-cyan-800\">free cash flow (FCF)<\/a> in 2022 &#8212; with roughly half the parks it has now &#8212; there is significant potential to generate north of $400 million in FCF over the long haul if it sticks the landing on such a big merger.<\/p>\n<p>While there is certainly major risk that comes alongside an investment in Six Flags, as any further delays in returning to positive FCF creation could put the company in a precarious financial situation, Jana&#8217;s backing and guidance could be enough for risk-tolerant, value investors to consider the stock.<\/p>\n<h2 id=\"glossary\" class=\"my-6 text-2xl font-bold\">Glossary<\/h2>\n<p><strong>13F:<\/strong> A quarterly SEC filing by institutional investment managers disclosing their U.S. equity holdings.<br \/><strong>Assets under management (AUM):<\/strong> The total market value of investments managed on behalf of clients by a fund or firm.<br \/><strong>Position:<\/strong> The amount of a particular security or asset held in a portfolio.<br \/><strong>Stake:<\/strong> The ownership interest or share an investor holds in a company.<br \/><strong>Equity stake:<\/strong> Ownership interest in a company represented by shares of its stock.<br \/><strong>Branded intellectual property:<\/strong> Licensed characters, logos, or themes used to enhance products or experiences, often through partnerships.<br \/><strong>Ancillary spending:<\/strong> Additional money spent by customers beyond the main product or service, such as on food, merchandise, or upgrades.<br \/><strong>TTM:<\/strong> The 12 months ending with the most recent quarterly report.<\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.fool.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors may want to consider joining Travis Kelce and Jana Partners in buying shares of Six Flags Entertainment following its 76% decline from its 2024 high. JANA Partners Management disclosed a new position in Six Flags Entertainment Corporation (FUN +0.21%), adding 4,049,940 shares, an estimated $92.01 million, in its Nov. 14, 2025, SEC filing. What [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2166258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2166257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/11\/Jana-Partners-Opens-92-Million-Six-Flags-Entertainment-Position-Will.com2Fimages2F1umn9qeh2Fproduction2F6692d59793d1ea90a718aa.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2166257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2166257"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2166257\/revisions"}],"predecessor-version":[{"id":2166259,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2166257\/revisions\/2166259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2166258"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2166257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2166257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2166257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}