CI Investments Inc. raised its position in shares of Cedar Fair, L.P. (NYSE:FUN – Get Rating) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,434 shares of the company’s stock after purchasing an additional 11,000 shares during the period. CI Investments Inc. owned approximately 0.85% of Cedar Fair worth $19,076,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Cedar Fair by 112.4% in the first quarter. UBS Group AG now owns 1,407,705 shares of the company’s stock worth $77,142,000 after buying an additional 745,056 shares during the period. Invesco Ltd. increased its holdings in shares of Cedar Fair by 117.9% in the first quarter. Invesco Ltd. now owns 1,226,084 shares of the company’s stock worth $67,190,000 after buying an additional 663,373 shares during the period. ING Groep NV increased its holdings in shares of Cedar Fair by 29.3% in the third quarter. ING Groep NV now owns 2,798,700 shares of the company’s stock worth $115,167,000 after buying an additional 634,700 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cedar Fair by 169,595.4% in the first quarter. JPMorgan Chase & Co. now owns 256,240 shares of the company’s stock worth $14,042,000 after buying an additional 256,089 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Cedar Fair by 1,210.0% in the fourth quarter. Citigroup Inc. now owns 191,074 shares of the company’s stock worth $7,899,000 after buying an additional 176,488 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on FUN shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Cedar Fair from $54.00 to $61.00 in a report on Friday, February 17th. StockNews.com started coverage on Cedar Fair in a report on Thursday. They set a “hold” rating on the stock. Credit Suisse Group boosted their price target on Cedar Fair from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, February 17th. Truist Financial reduced their price target on Cedar Fair from $54.00 to $50.00 in a report on Friday, May 5th. Finally, Morgan Stanley started coverage on Cedar Fair in a report on Thursday, April 20th. They set an “overweight” rating and a $53.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Cedar Fair presently has an average rating of “Moderate Buy” and a consensus price target of $52.67.
Cedar Fair Trading Down 0.2 %
Shares of NYSE:FUN traded down $0.09 during trading on Friday, reaching $44.47. The company’s stock had a trading volume of 9,521 shares, compared to its average volume of 194,606. The stock has a market capitalization of $2.28 billion, a PE ratio of 10.10 and a beta of 1.45. Cedar Fair, L.P. has a 12 month low of $37.58 and a 12 month high of $49.40. The firm’s 50 day simple moving average is $43.42 and its two-hundred day simple moving average is $42.53.
Cedar Fair (NYSE:FUN – Get Rating) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.57. The business had revenue of $365.99 million during the quarter, compared to the consensus estimate of $341.09 million. Cedar Fair had a net margin of 14.51% and a negative return on equity of 22.47%. Research analysts anticipate that Cedar Fair, L.P. will post 3.22 EPS for the current fiscal year.
Cedar Fair Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, June 6th. Cedar Fair’s dividend payout ratio (DPR) is presently 27.21%.
Cedar Fair Company Profile
(Get Rating)
Cedar Fair LP engages in the operation of amusement parks, outdoor and indoor water parks, and hotels. Its amusement parks include Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott’s Berry Farm, and California’s Great America.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cedar Fair, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cedar Fair wasn’t on the list.
While Cedar Fair currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
CI Investments Inc. raised its position in shares of Cedar Fair, L.P. (NYSE:FUN – Get Rating) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,434 shares of the company’s stock after purchasing an additional 11,000 shares during the period. CI Investments Inc. owned approximately 0.85% of Cedar Fair worth $19,076,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Cedar Fair by 112.4% in the first quarter. UBS Group AG now owns 1,407,705 shares of the company’s stock worth $77,142,000 after buying an additional 745,056 shares during the period. Invesco Ltd. increased its holdings in shares of Cedar Fair by 117.9% in the first quarter. Invesco Ltd. now owns 1,226,084 shares of the company’s stock worth $67,190,000 after buying an additional 663,373 shares during the period. ING Groep NV increased its holdings in shares of Cedar Fair by 29.3% in the third quarter. ING Groep NV now owns 2,798,700 shares of the company’s stock worth $115,167,000 after buying an additional 634,700 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cedar Fair by 169,595.4% in the first quarter. JPMorgan Chase & Co. now owns 256,240 shares of the company’s stock worth $14,042,000 after buying an additional 256,089 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Cedar Fair by 1,210.0% in the fourth quarter. Citigroup Inc. now owns 191,074 shares of the company’s stock worth $7,899,000 after buying an additional 176,488 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on FUN shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Cedar Fair from $54.00 to $61.00 in a report on Friday, February 17th. StockNews.com started coverage on Cedar Fair in a report on Thursday. They set a “hold” rating on the stock. Credit Suisse Group boosted their price target on Cedar Fair from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, February 17th. Truist Financial reduced their price target on Cedar Fair from $54.00 to $50.00 in a report on Friday, May 5th. Finally, Morgan Stanley started coverage on Cedar Fair in a report on Thursday, April 20th. They set an “overweight” rating and a $53.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Cedar Fair presently has an average rating of “Moderate Buy” and a consensus price target of $52.67.
Cedar Fair Trading Down 0.2 %
Shares of NYSE:FUN traded down $0.09 during trading on Friday, reaching $44.47. The company’s stock had a trading volume of 9,521 shares, compared to its average volume of 194,606. The stock has a market capitalization of $2.28 billion, a PE ratio of 10.10 and a beta of 1.45. Cedar Fair, L.P. has a 12 month low of $37.58 and a 12 month high of $49.40. The firm’s 50 day simple moving average is $43.42 and its two-hundred day simple moving average is $42.53.
Cedar Fair (NYSE:FUN – Get Rating) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.57. The business had revenue of $365.99 million during the quarter, compared to the consensus estimate of $341.09 million. Cedar Fair had a net margin of 14.51% and a negative return on equity of 22.47%. Research analysts anticipate that Cedar Fair, L.P. will post 3.22 EPS for the current fiscal year.
Cedar Fair Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, June 6th. Cedar Fair’s dividend payout ratio (DPR) is presently 27.21%.
Cedar Fair Company Profile
(Get Rating)
Cedar Fair LP engages in the operation of amusement parks, outdoor and indoor water parks, and hotels. Its amusement parks include Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott’s Berry Farm, and California’s Great America.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cedar Fair, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cedar Fair wasn’t on the list.
While Cedar Fair currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
