Shares of Cedar Fair, L.P. (NYSE:FUN – Get Free Report) traded down 6.6% on Tuesday . The stock traded as low as $39.96 and last traded at $40.51. 754,089 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 1,223,501 shares. The stock had previously closed at $43.39.
Analysts Set New Price Targets
Several equities research analysts have issued reports on FUN shares. Macquarie reaffirmed an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a research note on Thursday, November 7th. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Guggenheim boosted their price target on Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their price objective on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. upped their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Two investment 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 company has a consensus rating of “Moderate Buy” and an average price target of $56.54.
Check Out Our Latest Research Report on FUN
Cedar Fair Stock Down 6.4 %
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC bought a new stake in Cedar Fair, L.P. (NYSE:FUN – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by hedge funds and other institutional investors.
Cedar Fair Company Profile
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.
Further Reading
- Five stocks we like better than Cedar Fair
- Find and Profitably Trade Stocks at 52-Week Lows
- GitLab: Get In While It’s Down—Big Rebound Ahead
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Tesla Stock: Finding a Bottom May Take Time
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Duolingo: This Beaten-Down Stock Is About to Rally 38%
Receive News & Ratings for Cedar Fair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Fair and related companies with MarketBeat.com's FREE daily email newsletter.