Oppenheimer & Co. Inc. raised its stake in shares of Cedar Fair, L.P. (NYSE:FUN) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,013 shares of the company’s stock after buying an additional 1,125 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.09% of Cedar Fair worth $3,250,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Ffcm LLC acquired a new position in Cedar Fair during the 3rd quarter valued at about $109,000. Advisory Services Network LLC boosted its position in shares of Cedar Fair by 10.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,660 shares of the company’s stock valued at $120,000 after purchasing an additional 160 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Cedar Fair by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,718 shares of the company’s stock valued at $124,000 after purchasing an additional 108 shares in the last quarter. Clarus Wealth Advisors bought a new position in shares of Cedar Fair during the 4th quarter valued at about $213,000. Finally, Claraphi Advisory Network LLC bought a new position in shares of Cedar Fair during the 4th quarter valued at about $234,000. 49.39% of the stock is currently owned by hedge funds and other institutional investors.
In other Cedar Fair news, CEO Matthew A. Ouimet sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $67.91, for a total value of $407,460.00. Following the completion of the transaction, the chief executive officer now directly owns 215,353 shares in the company, valued at $14,624,622.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthew A. Ouimet sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $64.69, for a total transaction of $129,380.00. Following the completion of the transaction, the insider now owns 243,057 shares of the company’s stock, valued at $15,723,357.33. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several equities analysts have recently weighed in on FUN shares. KeyCorp restated a “buy” rating and set a $74.00 price objective on shares of Cedar Fair in a research report on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Cedar Fair in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Cedar Fair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cedar Fair currently has an average rating of “Buy” and an average price target of $73.63.
Cedar Fair, L.P. (NYSE FUN) opened at $66.64 on Wednesday. Cedar Fair, L.P. has a 12-month low of $59.66 and a 12-month high of $72.56. The company has a debt-to-equity ratio of 22.05, a quick ratio of 1.06 and a current ratio of 1.18. The firm has a market cap of $3,728.58, a PE ratio of 22.48, a PEG ratio of 3.28 and a beta of 0.45.
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Cedar Fair Company Profile
Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.
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