Cedar Fair, L.P. (NYSE:FUN) Position Lessened by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its position in shares of Cedar Fair, L.P. (NYSE:FUNGet Rating) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,457,462 shares of the company’s stock after selling 66,486 shares during the period. Neuberger Berman Group LLC’s holdings in Cedar Fair were worth $79,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PenderFund Capital Management Ltd. purchased a new stake in shares of Cedar Fair during the first quarter worth $41,000. Tyler Stone Wealth Management acquired a new position in Cedar Fair during the fourth quarter worth $33,000. Trustcore Financial Services LLC acquired a new position in Cedar Fair during the first quarter worth $39,000. Valley National Advisers Inc. acquired a new position in Cedar Fair during the first quarter worth $42,000. Finally, Ancora Advisors LLC increased 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 worth $106,000 after buying an additional 550 shares during the last quarter. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. KeyCorp set a $55.00 target price on shares of Cedar Fair in a research report on Tuesday, July 19th. Credit Suisse Group lowered their price target on Cedar Fair from $89.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. TheStreet raised Cedar Fair from a “d+” rating to a “c” rating in a research report on Wednesday, August 3rd. B. Riley lowered their price target on Cedar Fair from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Finally, Stifel Nicolaus lowered their price target on Cedar Fair from $72.00 to $58.00 in a research report on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.00.

Cedar Fair Stock Up 0.7 %

Shares of FUN opened at $44.63 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 30.78 and a beta of 1.67. Cedar Fair, L.P. has a 12 month low of $37.78 and a 12 month high of $62.56. The company has a 50-day moving average price of $42.44 and a two-hundred day moving average price of $47.16.

Cedar Fair Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, August 30th. Cedar Fair’s dividend payout ratio is 82.76%.

Cedar Fair Profile

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Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. 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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Institutional Ownership by Quarter for Cedar Fair (NYSE:FUN)

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