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

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

FUN has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Macquarie reiterated an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. The Goldman Sachs Group decreased their price objective on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Jefferies Financial Group started coverage on Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 price target on the stock. Finally, Guggenheim raised their price objective on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.07.

Cedar Fair Trading Up 0.6 %

Shares of FUN stock opened at $49.07 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 firm has a market capitalization of $4.92 billion, a P/E ratio of -76.67 and a beta of 1.58. Cedar Fair has a twelve month low of $35.93 and a twelve month high of $58.70. The stock’s fifty day simple moving average is $45.00 and its 200 day simple moving average is $45.29.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FUN. Torno Capital LLC bought a new stake in Cedar Fair in the second quarter valued at $4,413,000. Mutual of America Capital Management LLC bought a new position in Cedar Fair in the third quarter worth approximately $260,000. S.A. Mason LLC grew its stake in Cedar Fair by 63.1% in the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the period. Benjamin F. Edwards & Company Inc. raised its position 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 worth $157,000 after purchasing an additional 1,400 shares during the period. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Cedar Fair by 31.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 11,815 shares of the company’s stock worth $642,000 after purchasing an additional 2,804 shares in the last quarter. Institutional investors and hedge funds 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.