Cedar Fair (NYSE:FUN) Cut to Sell at StockNews.com

StockNews.com cut shares of Cedar Fair (NYSE:FUN) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group initiated coverage on Cedar Fair in a research note on Monday, December 9th. They set a “buy” rating and a $59.00 target price for the company. Citigroup upped their target price on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Guggenheim upped their price target on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Macquarie reiterated an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.54.

Cedar Fair Stock Down 2.8 %

NYSE FUN opened at $45.13 on Friday. The business has a fifty day moving average price of $45.99 and a two-hundred day moving average price of $43.93. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a fifty-two week low of $35.93 and a fifty-two week high of $58.70. The stock has a market capitalization of $4.53 billion, a PE ratio of -70.51 and a beta of 1.55.

Institutional Trading of Cedar Fair

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by institutional investors and hedge funds.

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.