StockNews.com Downgrades Cedar Fair (NYSE:FUN) to Sell

Cedar Fair (NYSE:FUN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

FUN has been the topic of several other research reports. Citigroup upped 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. Truist Financial upped their price objective on Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Guggenheim upped their price objective on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Macquarie reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a report on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Cedar Fair has an average rating of “Moderate Buy” and an average target price of $56.21.

Cedar Fair Stock Up 0.2 %

Shares of FUN opened at $42.89 on Wednesday. The company has a market capitalization of $4.30 billion, a P/E ratio of -67.02 and a beta of 1.55. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The business’s 50 day simple moving average is $46.15 and its 200-day simple moving average is $43.97.

Institutional Trading of Cedar Fair

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in Cedar Fair, L.P. (NYSE:FUN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is currently 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.