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

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

Several other research firms also recently commented on FUN. Macquarie reiterated an "outperform" rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their price target 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. Truist Financial reduced their target price on shares of Cedar Fair from $60.00 to $54.00 and set a "buy" rating for the company in a report on Monday, October 21st. Oppenheimer dropped their target price on Cedar Fair from $67.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup lifted their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a report on Monday, December 2nd. One 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 a consensus rating of "Moderate Buy" and an average target price of $56.07.

Cedar Fair Stock Up 0.6 %

NYSE:FUN traded up $0.29 during mid-day trading on Wednesday, hitting $47.80. 62,744 shares of the company's stock traded hands, compared to its average volume of 999,416. 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 $4.79 billion, a P/E ratio of -74.27 and a beta of 1.58. The company has a fifty day moving average of $43.62 and a 200 day moving average of $45.07. Cedar Fair has a twelve month low of $35.93 and a twelve month high of $58.70.

Hedge Funds Weigh In On Cedar Fair

A number of large investors have recently made changes to their positions in the stock. S.A. Mason LLC lifted its holdings 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 purchasing an additional 384 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Cedar Fair by 94.1% in 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 during the last quarter. Brookstone Capital Management purchased a new stake in shares of Cedar Fair in the second quarter valued at $215,000. Mutual of America Capital Management LLC acquired a new position in Cedar Fair in the 3rd quarter valued at about $260,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cedar Fair by 26.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company's stock worth $418,000 after purchasing an additional 1,620 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company's stock.

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.