A number of other research firms also recently issued reports on FUN. Oppenheimer initiated coverage on Cedar Fair in a research note on Thursday, February 8th. They set an outperform rating and a $49.00 price target for the company. Citigroup raised Cedar Fair from a neutral rating to a buy rating and lifted their price objective for the company from $40.00 to $46.00 in a research report on Friday, November 3rd. Truist Financial lifted their price objective on Cedar Fair from $44.00 to $46.00 and gave the company a buy rating in a research report on Tuesday, January 9th. B. Riley lowered their price target on Cedar Fair from $58.00 to $56.00 and set a buy rating on the stock in a report on Wednesday, October 18th. Finally, Stifel Nicolaus lowered their price target on Cedar Fair from $51.00 to $49.00 and set a buy rating on the stock in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Cedar Fair presently has a consensus rating of Moderate Buy and a consensus target price of $49.58.
Cedar Fair Stock Performance
Hedge Funds Weigh In On Cedar Fair
Several hedge funds have recently bought and sold shares of FUN. Money Concepts Capital Corp acquired a new stake in Cedar Fair in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC raised its position in Cedar Fair by 355.3% during the first quarter. Tower Research Capital LLC TRC now owns 815 shares of the company’s stock valued at $38,000 after acquiring an additional 636 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new position in Cedar Fair during the first quarter valued at approximately $41,000. CENTRAL TRUST Co purchased a new position in Cedar Fair during the second quarter valued at approximately $46,000. Finally, Ancora Advisors LLC raised its position in Cedar Fair by 34.6% during the first quarter. Ancora Advisors LLC now owns 2,139 shares of the company’s stock valued at $106,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 61.81% of the company’s stock.
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.
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