Cedar Fair, L.P. (FUN) Shares Sold by CI Global Investments Inc.

CI Global Investments Inc. decreased its holdings in shares of Cedar Fair, L.P. (NYSE:FUN) by 36.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,246 shares of the company’s stock after selling 29,510 shares during the quarter. CI Global Investments Inc. owned 0.09% of Cedar Fair, L.P. worth $3,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FUN. Ameriprise Financial Inc. grew its holdings in shares of Cedar Fair, L.P. by 25.2% during the first quarter. Ameriprise Financial Inc. now owns 13,655 shares of the company’s stock valued at $924,000 after buying an additional 2,750 shares in the last quarter. Bank of Montreal Can boosted its position in Cedar Fair, L.P. by 62.0% during the second quarter. Bank of Montreal Can now owns 34,939 shares of the company’s stock valued at $2,519,000 after purchasing an additional 13,368 shares during the last quarter. Delta Asset Management LLC TN boosted its position in Cedar Fair, L.P. by 0.8% during the second quarter. Delta Asset Management LLC TN now owns 13,280 shares of the company’s stock valued at $957,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Cedar Fair, L.P. by 0.7% during the second quarter. Capital Advisors Ltd. LLC now owns 3,084 shares of the company’s stock valued at $222,000 after purchasing an additional 21 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Cedar Fair, L.P. by 1.9% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 8,197 shares of the company’s stock valued at $591,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 51.43% of the company’s stock.

A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price objective (down previously from $75.00) on shares of Cedar Fair, L.P. in a research report on Thursday, September 7th. Zacks Investment Research raised Cedar Fair, L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 6th. B. Riley reissued a “buy” rating on shares of Cedar Fair, L.P. in a research report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $74.00 price objective on shares of Cedar Fair, L.P. in a research report on Tuesday, October 24th. Finally, FBR & Co reissued a “buy” rating on shares of Cedar Fair, L.P. in a research report on Thursday, September 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.38.

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Shares of Cedar Fair, L.P. (NYSE FUN) traded down $0.64 on Tuesday, reaching $66.86. The company had a trading volume of 128,000 shares, compared to its average volume of 133,801. Cedar Fair, L.P. has a 1 year low of $58.05 and a 1 year high of $72.56. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 22.05. The company has a market capitalization of $3,796.06, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.76 and a beta of 0.51.

Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.18). Cedar Fair, L.P. had a net margin of 11.75% and a return on equity of 2,430.22%. The firm had revenue of $652.69 million for the quarter, compared to the consensus estimate of $652.98 million. During the same quarter in the prior year, the firm earned $3.10 earnings per share. The company’s revenue was up .4% on a year-over-year basis. equities research analysts expect that Cedar Fair, L.P. will post 2.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a $0.89 dividend. This is a positive change from Cedar Fair, L.P.’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, December 1st. Cedar Fair, L.P.’s dividend payout ratio is currently 129.06%.

In other news, CEO Matthew A. Ouimet sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $66.80, for a total value of $200,400.00. Following the sale, the chief executive officer now directly owns 195,199 shares in the company, valued at approximately $13,039,293.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew A. Ouimet sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $64.90, for a total value of $129,800.00. Following the completion of the sale, the chief executive officer now owns 193,199 shares in the company, valued at $12,538,615.10. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Cedar Fair, L.P. 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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Institutional Ownership by Quarter for Cedar Fair, L.P. (NYSE:FUN)

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