Six Flags Sells 7 Parks for $331M Amid $202.6M Q2 Loss and Coaster Halt
FUN is trading near its 52-week low of $8.87 (1.7% above the low) on elevated volume (3.3× avg).
Summary
Six Flags sold seven parks to EPR Properties for $331M and closed a Maryland park after 2025, a material divestiture that reshapes its portfolio. This follows the Q2 net loss of $202.6M reported in August and the fatal coaster incident on October 13 that halted eight rides. The sale provides liquidity but signals continued financial strain after the Cedar Fair merger. The company has not had a profitable quarter since summer 2024, and activist Jana Partners is pushing for a sale. The park sale is the first concrete asset disposition since that pressure emerged.
At the time of this announcement, FUN was trading at $9.02 on NYSE in the Trade & Services sector, with a market capitalization of approximately $914.7M. The 52-week trading range was $8.87 to $27.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.