Cedar Fair (NYSE:FUN) Stock Rating Upgraded by StockNews.com

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

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their target price on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Guggenheim upped their price target on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer reduced their price objective on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cedar Fair currently has an average rating of “Moderate Buy” and a consensus target price of $56.07.

Cedar Fair Price Performance

Shares of NYSE:FUN opened at $49.64 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average price of $45.19 and a 200 day moving average price of $45.32. Cedar Fair has a 52 week low of $35.93 and a 52 week high of $58.70. The company has a market cap of $4.98 billion, a P/E ratio of -77.56 and a beta of 1.58.

Institutional Trading of Cedar Fair

Several institutional investors and hedge funds have recently made changes to their positions in the stock. S.A. Mason LLC grew its holdings in shares of 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 buying an additional 384 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake 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 purchasing an additional 1,400 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair in the 3rd quarter valued at $260,000. Ameritas Advisory Services LLC grew its stake 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 valued at $642,000 after buying an additional 2,804 shares during the period. Finally, 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 buying an additional 826 shares during the last quarter. 64.65% of the stock is currently 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.