HRT Financial LLC Purchases Shares of 8,767 Cedar Fair, L.P. (NYSE:FUN)

HRT Financial LLC acquired a new stake in shares of Cedar Fair, L.P. (NYSE:FUN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,767 shares of the company’s stock, valued at approximately $414,000.

Several other large investors have also made changes to their positions in FUN. PRW Wealth Management LLC purchased a new stake in Cedar Fair in the 4th quarter worth about $34,000. CWM LLC purchased a new position in shares of Cedar Fair during the fourth quarter worth approximately $65,000. First Manhattan Co. increased its position in shares of Cedar Fair by 166.7% during the fourth quarter. First Manhattan Co. now owns 1,600 shares of the company’s stock worth $75,000 after acquiring an additional 1,000 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Cedar Fair by 11.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,278 shares of the company’s stock worth $155,000 after acquiring an additional 344 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Cedar Fair by 31.9% during the fourth quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $197,000 after acquiring an additional 989 shares during the period. 51.19% of the stock is owned by hedge funds and other institutional investors.

FUN traded up $0.63 during trading on Friday, hitting $53.81. The stock had a trading volume of 112,590 shares, compared to its average volume of 156,879. Cedar Fair, L.P. has a twelve month low of $45.73 and a twelve month high of $67.85. The company has a quick ratio of 0.72, a current ratio of 0.85 and a debt-to-equity ratio of 51.13. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.72 and a beta of 0.57.

Cedar Fair (NYSE:FUN) last posted its quarterly earnings data on Wednesday, February 13th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.59). Cedar Fair had a return on equity of 22,432.99% and a net margin of 9.39%. The company had revenue of $249.80 million for the quarter, compared to analyst estimates of $243.23 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Cedar Fair, L.P. will post 3.3 EPS for the current year.

FUN has been the topic of a number of research reports. Macquarie raised shares of Cedar Fair from a “neutral” rating to an “outperform” rating in a research report on Friday, February 15th. Zacks Investment Research raised shares of Cedar Fair from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, December 24th. TheStreet raised shares of Cedar Fair from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. SunTrust Banks reissued a “hold” rating and set a $54.00 price objective on shares of Cedar Fair in a report on Monday, December 24th. Finally, B. Riley cut their price objective on shares of Cedar Fair from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.83.

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Cedar Fair Profile

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels. 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, Canada; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St.

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Institutional Ownership by Quarter for Cedar Fair (NYSE:FUN)

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