Cedar Fair (NYSE:FUN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Cedar Fair, L.P. (NYSE:FUN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.41 and traded as high as $48.67. Cedar Fair shares last traded at $47.77, with a volume of 907,521 shares traded.

Analyst Ratings Changes

FUN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Cedar Fair from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Citigroup increased their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Oppenheimer reduced their price target on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Cedar Fair from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.07.

Cedar Fair Trading Down 1.8 %

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 firm has a market cap of $4.70 billion, a P/E ratio of -73.26 and a beta of 1.58. The company’s fifty day moving average price is $46.17 and its two-hundred day moving average price is $45.40.

Institutional Trading of Cedar Fair

Large investors have recently made changes to their positions in the business. S.A. Mason LLC grew its stake in shares of Cedar Fair by 63.1% during 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 during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Cedar Fair by 94.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after buying an additional 1,400 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair in the 3rd quarter valued at $260,000. Commonwealth Equity Services LLC boosted its position in shares of Cedar Fair by 4.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after purchasing an additional 826 shares during the last quarter. Finally, Torno Capital LLC bought a new stake in Cedar Fair in the second quarter valued at about $4,413,000. Institutional investors 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.