Cedar Fair, L.P. (NYSE:FUN) Short Interest Update

Cedar Fair, L.P. (NYSE:FUN - Get Free Report) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,640,000 shares, a growth of 7.3% from the October 31st total of 8,980,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is presently 5.8 days.

Institutional Trading of Cedar Fair

Hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC bought a new stake in Cedar Fair in the 3rd quarter valued at about $260,000. S.A. Mason LLC boosted its stake in shares of 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 buying an additional 384 shares during the period. Torno Capital LLC acquired a new stake in Cedar Fair during the second quarter worth approximately $4,413,000. Benjamin F. Edwards & Company Inc. increased its stake in Cedar Fair by 94.1% during the 2nd 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 during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Cedar Fair by 4.6% in the 2nd 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 in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Cedar Fair Stock Performance

Cedar Fair stock traded down $1.14 during trading hours on Tuesday, hitting $47.21. The company had a trading volume of 1,086,226 shares, compared to its average volume of 996,440. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The firm has a 50-day moving average of $42.08 and a 200 day moving average of $44.82. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95.

Analyst Upgrades and Downgrades

FUN has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Cedar Fair from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. StockNews.com lowered Cedar Fair from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Citigroup increased their price target on Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Monday. Mizuho lowered their price target on Cedar Fair from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Finally, B. Riley cut their price objective on Cedar Fair from $77.00 to $65.00 and set a "buy" rating for the company in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.85.

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.