Six Flags shares rise as Jana Partners reveals stake

Six Flags Entertainment

22/10/2025 11:43

** Shares of amusement park-resort operator Six Flags Entertainment FUN.N up 5.1% at $26.66 in premarket after activist investor Jana Partners discloses 9% stake and teams up with NFL star Travis Kelce

** Stock set to open at highest level since 22 August

** The 9% stake makes Jana third-largest shareholder in FUN, behind BlackRock Institutional Trust Company and The Vanguard Group

** Kelce, a theme park “superfan,” could be potential board nominee

** Jana joins a field of activist investors approaching Six Flags with ideas for how to boost share price

** Jana sees opportunity to increase park attendance, brand engagement through fresh marketing strategy

** 12 analysts rate stock "buy" or higher, three rate it "hold"; median PT at $31.50 -  LSEG

** FUN shares down 46.81% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))