Cedar Fair (NYSE:FUN) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded 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 research analysts have also recently issued reports about the company. Jefferies Financial Group began coverage on Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 target price for the company. The Goldman Sachs Group reduced their price objective on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Guggenheim upped their price objective on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Truist Financial upped their price objective on Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Citigroup upped their price objective on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.54.

Cedar Fair Stock Down 2.8 %

NYSE:FUN opened at $45.13 on Friday. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70. 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 stock has a market cap of $4.53 billion, a price-to-earnings ratio of -70.51 and a beta of 1.55. The stock has a 50-day moving average price of $45.99 and a two-hundred day moving average price of $43.93.

Institutional Trading of Cedar Fair

An institutional investor recently raised its position in Cedar Fair stock. S.A. Mason LLC raised its holdings in Cedar Fair, L.P. (NYSE:FUN) by 63.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 993 shares of the company’s stock after buying an additional 384 shares during the period. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

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.