S.A. Mason LLC Has $40,000 Stock Holdings in Cedar Fair, L.P. (NYSE:FUN)

S.A. Mason LLC raised its position in Cedar Fair, L.P. (NYSE:FUN) by 63.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 993 shares of the company’s stock after purchasing an additional 384 shares during the period. S.A. Mason LLC’s holdings in Cedar Fair were worth $40,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Cedar Fair by 10.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the company’s stock valued at $131,000 after acquiring an additional 300 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Cedar Fair by 121.9% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 24,268 shares of the company’s stock valued at $1,017,000 after purchasing an additional 13,332 shares during the period. HAP Trading LLC bought a new stake in Cedar Fair during the 1st quarter worth approximately $1,329,000. Cetera Advisors LLC raised its holdings in Cedar Fair by 10.9% during the 1st quarter. Cetera Advisors LLC now owns 6,881 shares of the company’s stock worth $288,000 after buying an additional 675 shares during the period. Finally, Aurora Investment Counsel lifted its stake in Cedar Fair by 1.7% in the first quarter. Aurora Investment Counsel now owns 15,077 shares of the company’s stock valued at $632,000 after buying an additional 253 shares in the last quarter. 64.65% of the stock is owned by institutional investors.

Cedar Fair Stock Down 3.4 %

Shares of Cedar Fair stock opened at $40.99 on Thursday. The firm’s 50-day moving average price is $40.76 and its two-hundred day moving average price is $44.00. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 16.60 and a beta of 1.55. Cedar Fair, L.P. has a 12-month low of $34.38 and a 12-month high of $58.70.

Cedar Fair (NYSE:FUN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Cedar Fair had a net margin of 6.80% and a negative return on equity of 23.97%. The business had revenue of $571.62 million for the quarter, compared to analysts’ expectations of $525.57 million. On average, sell-side analysts expect that Cedar Fair, L.P. will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FUN. Guggenheim assumed coverage on shares of Cedar Fair in a report on Tuesday. They set a “buy” rating and a $52.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on Cedar Fair from $48.00 to $43.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. StockNews.com started coverage on shares of Cedar Fair in a research report on Wednesday, September 4th. They issued a “hold” rating for the company. Macquarie reduced their price objective on shares of Cedar Fair from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Finally, Truist Financial lowered their target price on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

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.