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

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

FUN has been the topic of several other research reports. Macquarie restated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. 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 report on Tuesday, November 19th. Citigroup boosted their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Finally, Oppenheimer lowered their price target on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.07.

Cedar Fair Stock Down 1.1 %

Shares of FUN opened at $49.08 on Thursday. The business’s 50 day simple moving average is $45.38 and its 200-day simple moving average is $45.36. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The company has a market capitalization of $4.92 billion, a P/E ratio of -76.69 and a beta of 1.58. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Hedge Funds Weigh In On Cedar Fair

Several institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC bought a new position in Cedar Fair during the 3rd quarter worth approximately $260,000. S.A. Mason LLC increased its position in shares of Cedar Fair by 63.1% in the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after buying an additional 384 shares in the last quarter. Torno Capital LLC acquired a new stake in Cedar Fair during the 2nd quarter worth $4,413,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Cedar Fair by 94.1% during the second 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Cedar Fair by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after acquiring an additional 826 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.