Sentiment for Cedar Fair LP (NYSE:FUN)
Cedar Fair LP (NYSE:FUN) institutional sentiment decreased to 1.16 in Q3 2015. Its down -0.22, from 1.38 in 2015Q2. The ratio dived, as 77 active investment managers started new or increased stock positions, while 56 reduced and sold equity positions in Cedar Fair LP. The active investment managers in our partner’s database now own: 29.55 million shares, up from 29.50 million shares in 2015Q2. Also, the number of active investment managers holding Cedar Fair LP in their top 10 stock positions was flat from 6 to 6 for the same number . Sold All: 22 Reduced: 34 Increased: 52 New Position: 25.
Cedar Fair, L.P. is an operator of regional amusement parks. The company has a market cap of $3.30 billion. The Firm owns 11 amusement parks, three outdoor water parks, one indoor water park and five hotels. It has 29.92 P/E ratio. The Company’s amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada’s Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom , located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St.
About 89,855 shares traded hands. Cedar Fair, L.P. (NYSE:FUN) has risen 11.63% since August 26, 2015 and is uptrending. It has outperformed by 4.81% the S&P500.
Analysts await Cedar Fair, L.P. (NYSE:FUN) to reports earnings on May, 4. They expect $-1.13 earnings per share, up 24.67% or $0.37 from last year’s $-1.5 per share. After $-0.13 actual earnings per share reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts 769.23% negative EPS growth.
According to Zacks Investment Research, “Cedar Fair, L.P. and its affiliated companies own and operate five amusement parks: Cedar Point, Knott’s Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun/Oceans of Fun. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and entertainment. The company also owns and operates four hotel facilities. Cedar Point also owns and operates the Cedar Point Marina, one of the largest full-service marinas on the Great Lakes.”
Trafelet Brokaw Capital Management L.P. holds 14.83% of its portfolio in Cedar Fair, L.P. for 418,273 shares. Hollow Brook Wealth Management Llc owns 305,348 shares or 7.67% of their US portfolio. Moreover, Msd Partners L.P. has 6.6% invested in the company for 3.81 million shares. The New York-based Overbrook Management Corp has invested 4.66% in the stock. Aull & Monroe Investment Management Corp, a Alabama-based fund reported 68,682 shares.#img1#
Ratings analysis reveals 89% of Cedar Fair’s analysts are positive. Out of 8 Wall Street analysts rating Cedar Fair, 8 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $60 while the high is $69. The stock’s average target of $65.5 is 8.16% above today’s ($59.17) share price. FUN was included in 7 notes of analysts from August 24, 2015. FBR Capital maintained the shares of Cedar Fair in a note on February 18 with “Outperform” rating. Macquarie Research initiated Cedar Fair’s stock on December 9 with “Neutral” rating. Finally, Hilliard Lyons upgraded the shares of Cedar Fair to “Buy” rating in an August 24 note.
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