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

Cedar Fair (NYSE:FUN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

A number of other research analysts have also commented on FUN. Citigroup upped 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, December 2nd. Macquarie restated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. Guggenheim lifted their price target on shares of Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating for the company in a report on Friday, October 4th. Finally, Jefferies Financial Group initiated coverage on shares of Cedar Fair in a research note on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Cedar Fair currently has a consensus rating of “Moderate Buy” and an average target price of $56.07.

Cedar Fair Stock Performance

Shares of NYSE:FUN opened at $46.40 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average price of $44.21 and a 200-day moving average price of $45.12. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -72.50 and a beta of 1.58. Cedar Fair has a 12 month low of $35.93 and a 12 month high of $58.70.

Hedge Funds Weigh In On Cedar Fair

Several large investors have recently made changes to their positions in the business. Torno Capital LLC purchased a new stake in shares of Cedar Fair in the 2nd quarter worth approximately $4,413,000. Brookstone Capital Management purchased a new stake in shares of Cedar Fair in the second quarter worth $215,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cedar Fair by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company’s stock valued at $418,000 after acquiring an additional 1,620 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Cedar Fair during the third quarter valued at $260,000. Finally, S.A. Mason LLC raised its position in shares of Cedar Fair by 63.1% in the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the last quarter. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

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.