Cedar Fair (NYSE:FUN) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Cedar Fair (NYSE:FUN) from a sell rating to a hold rating in a research report report published on Monday morning.

FUN has been the topic of a number of other reports. Guggenheim raised their target price 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. Truist Financial reduced their price objective on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Oppenheimer decreased their target price on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Citigroup increased their price target on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Macquarie restated an “outperform” rating and issued a $55.00 price objective on shares of Cedar Fair in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.07.

Cedar Fair Trading Up 0.0 %

NYSE FUN opened at $46.30 on Monday. Cedar Fair has a 12 month low of $35.93 and a 12 month high of $58.70. The company’s 50-day moving average price is $43.08 and its 200-day moving average price is $44.98. The stock has a market cap of $4.64 billion, a PE ratio of -72.34 and a beta of 1.58. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95.

Institutional Trading of Cedar Fair

Several hedge funds have recently modified their holdings of the company. S.A. Mason LLC raised its stake in shares of Cedar Fair by 63.1% during the 3rd 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. CWM LLC increased its position in shares of Cedar Fair by 932.0% during the second quarter. CWM LLC now owns 2,064 shares of the company’s stock worth $112,000 after purchasing an additional 1,864 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Cedar Fair by 94.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after purchasing an additional 1,400 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Cedar Fair in the 2nd quarter worth $215,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Cedar Fair in the 3rd quarter worth $260,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

About Cedar Fair

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.