Peregrine Capital Management LLC Decreases Stock Holdings in Cedar Fair, L.P. (NYSE:FUN)

Peregrine Capital Management LLC lowered its position in shares of Cedar Fair, L.P. (NYSE:FUN) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,268 shares of the company’s stock after selling 4,583 shares during the period. Peregrine Capital Management LLC owned 0.12% of Cedar Fair worth $5,892,000 at the end of the most recent quarter.

Separately, Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair during the 3rd quarter worth about $260,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

FUN has been the topic of several research analyst reports. Jefferies Financial Group assumed coverage on Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock. Citigroup raised their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Guggenheim upped their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Truist Financial lifted their price target on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.54.

Cedar Fair Stock Performance

NYSE FUN opened at $45.76 on Wednesday. The business’s 50-day moving average price is $45.99 and its 200 day moving average price is $43.88. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The firm has a market cap of $4.59 billion, a P/E ratio of -71.49 and a beta of 1.55. Cedar Fair, L.P. has a 52-week low of $35.93 and a 52-week high of $58.70.

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.