Mutual of America Capital Management LLC Purchases Shares of 6,459 Cedar Fair, L.P. (NYSE:FUN)

Mutual of America Capital Management LLC purchased a new stake in Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,459 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also made changes to their positions in the company. S.A. Mason LLC grew its stake in Cedar Fair by 63.1% during the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Cedar Fair by 10.9% in the first quarter. Cetera Advisors LLC now owns 6,881 shares of the company’s stock worth $288,000 after acquiring an additional 675 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Cedar Fair by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after purchasing an additional 826 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Cedar Fair by 94.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after acquiring an additional 1,400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Cedar Fair by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company’s stock worth $418,000 after buying an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUN. Macquarie reissued an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating for the company in a report on Friday, October 4th. Truist Financial reduced their target price on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Finally, Guggenheim increased their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Cedar Fair currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.92.

Cedar Fair Stock Up 0.7 %

FUN opened at $46.39 on Friday. The stock has a market cap of $4.65 billion, a PE ratio of -72.48 and a beta of 1.55. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $41.75 and its 200 day simple moving average is $44.77. Cedar Fair, L.P. has a 1-year low of $35.93 and a 1-year high of $58.70.

Cedar Fair Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.