Is Cedar Fair (NYSE:FUN) a Buy or a Sell? What Does Macquarie Research Think?


Why Has Macquarie Research Given Cedar Fair (NYSE:FUN) a $58.00 Price Target

Macquarie Research revealed to clients in a research report that it have begun coverage on Cedar Fair (NYSE:FUN) stock, with Neutral rating and a $58.00 target.

From a total of 6 analysts covering Cedar Fair (NYSE:FUN) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $69 while the lowest target price is $64. The mean of all analyst targets is $67.33 with a 26.29% above today’s ($53.45) stock price. Cedar Fair was the topic of 3 analyst reports since August 24, 2015 according to the firm StockzIntelligence Inc. Janney Capital initiated shares on September 16 with “Buy” rating.

Approximately 113,121 shares of stock traded hands. Cedar Fair, L.P. (NYSE:FUN) has declined 6.15% since May 6, 2015 and is downtrending. It has underperformed by 5.36% the S&P500.

The overall sentiment of institutions has increased to 1.38 in Q2 2015. Its up 0.60, from 0.78 in 2015Q2. The ratio is positive, as 22 institutions have sold all the shares of Cedar Fair, L.P. that they owned while 34 funds have taken shares off the table. 25 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 29.55 million shares or 0.18% more than the 29.50 million shares they owned in 2015Q2.

The Fund Trafelet Brokaw Capital Management L.P. currently is holding shares equating to 14.83% of its total portfolio in Cedar Fair, L.P. representing a total of 418,273 shares. Another fund,Hollow Brook Wealth Management Llc, is holding a total of 305,348 shares equating to 7.67% of their holdings. Additionally, Msd Partners L.P. has a 3.81 million share stake in Cedar Fair, L.P. which represents 6.6% of their total portfolio. The Fund, Overbrook Management Corp, based out of New York, has also built up a stake in the stock, which represents a total of 4.66% of their total portfolio. Finally Aull & Monroe Investment Management Corp, a fund which is based in the state of Alabama reported a total holdings of 68,682 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 3, 2015, shareholders of Cedar Fair, L.P. have witnessed 1 insider purchase, and a total of 0 sales equating to a net activity of approximately $82,200 . Klein Thomas bought 1,500 shares worth approximately $82,200. Zimmerman Richard sold 5,720 shares worth approximately $344,973. Freeman Craig J sold 3,137 shares worth approximately $181,977. Decker Robert A sold 3,724 shares worth approximately $217,966.

Cedar Fair, L.P. is an operator of regional amusement parks. The company has a market cap of $3.03 billion. The Firm owns 11 amusement parks, three outdoor water parks, one indoor water park and five hotels. It has 25.28 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.

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.” Get a free copy of the Zacks research report on Cedar Fair, L.P. (FUN).