Cedar Fair, L.P. (NYSE:FUN) Shares Sold by Peregrine Capital Management LLC

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

Separately, S.A. Mason LLC boosted its holdings in Cedar Fair by 63.1% in the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Cedar Fair Stock Up 5.7 %

Shares of NYSE FUN opened at $45.76 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. The firm’s 50-day moving average is $45.99 and its two-hundred day moving average is $43.88. Cedar Fair, L.P. has a 12-month low of $35.93 and a 12-month high of $58.70. The company has a market capitalization of $4.59 billion, a PE ratio of -71.49 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FUN. Macquarie reissued an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Truist Financial boosted their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Guggenheim increased their price target 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.54.

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.