Cedar Fair (NYSE:FUN) Raised to Hold at StockNews.com

Cedar Fair (NYSE:FUN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other research analysts also recently issued reports about the company. Macquarie reiterated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. Oppenheimer dropped their price objective on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. The Goldman Sachs Group reduced 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. JPMorgan Chase & Co. raised their price objective on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group initiated coverage on Cedar Fair in a research note on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.07.

Cedar Fair Trading Up 0.6 %

Shares of NYSE:FUN opened at $49.07 on Thursday. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market capitalization of $4.92 billion, a P/E ratio of -76.67 and a beta of 1.58. The company has a 50-day simple moving average of $45.00 and a 200 day simple moving average of $45.29.

Institutional Investors Weigh In On Cedar Fair

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC boosted its position in shares of Cedar Fair by 31.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,815 shares of the company’s stock worth $642,000 after acquiring an additional 2,804 shares in the last quarter. Commonwealth Equity Services LLC lifted its position 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 buying an additional 826 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Cedar Fair by 94.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after buying an additional 1,400 shares in the last quarter. Torno Capital LLC bought a new position in Cedar Fair in the second quarter valued at about $4,413,000. Finally, S.A. Mason LLC raised its stake in Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.

Cedar Fair Company 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.