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

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

A number of other hedge funds have also added to or reduced their stakes in the company. S.A. Mason LLC grew its holdings 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 valued at $40,000 after purchasing an additional 384 shares during the last quarter. Torno Capital LLC acquired a new position in Cedar Fair in the second quarter valued at approximately $4,413,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Cedar Fair by 94.1% during the second 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 period. Commonwealth Equity Services LLC boosted its holdings in Cedar Fair by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after acquiring an additional 826 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in 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 purchasing an additional 2,804 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Cedar Fair Trading Up 0.7 %

Shares of FUN stock opened at $46.39 on Friday. Cedar Fair, L.P. has a 52-week low of $35.93 and a 52-week high of $58.70. The business’s fifty day moving average is $41.75 and its 200 day moving average is $44.77. 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 $4.65 billion, a PE ratio of -72.48 and a beta of 1.55.

Analysts Set New Price Targets

Several research analysts recently issued reports on FUN shares. StockNews.com cut Cedar Fair from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Truist Financial dropped their price target on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, October 21st. Guggenheim lifted their price objective on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Stifel Nicolaus dropped their price objective on shares of Cedar Fair from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Macquarie reiterated an “outperform” rating and issued a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.92.

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.