Six Flags Director Rehan Jaffer Buys $14.9 Million in Stock
Six Flags director Rehan Jaffer purchased 1.45 million shares of company stock through H Partners Management amid volatile financial performance and a third-quarter net loss.
Rehan Jaffer, a director at Six Flags Entertainment Corporation, purchased 1,450,000 shares of common stock between November 6 and November 10, 2026. The transactions were executed through H Partners Management, LLC, totaling $14,929,000 with share prices between $10.00 and $10.86. These acquisitions increased Jaffer's indirect beneficial ownership to 6,350,000 shares.
The buying spree occurred during a period of significant stock volatility, characterized by a 36% return over one week but a 54% decline over the preceding six months. This activity follows the release of third-quarter 2026 financial results, in which Six Flags reported $1.17 billion in revenue but a net loss of $3.59 per share. The loss was driven primarily by a $688 million non-cash impairment charge.
Six Flags is currently reviewing its real estate portfolio for potential asset sales to stabilize its position. Additionally, the company is negotiating with Six Flags Over Georgia unit holders to defer a payment scheduled for early 2027.
