Aurora Investment Counsel Has $580,000 Position in Cedar Fair, L.P. (NYSE:FUN)

Aurora Investment Counsel cut its position in shares of Cedar Fair, L.P. (NYSE:FUNFree Report) by 74.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,824 shares of the company’s stock after selling 43,065 shares during the period. Aurora Investment Counsel’s holdings in Cedar Fair were worth $580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Cedar Fair by 201.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 841 shares of the company’s stock worth $33,000 after buying an additional 562 shares during the period. Sound Income Strategies LLC increased its holdings in Cedar Fair by 44.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,771 shares of the company’s stock worth $110,000 after buying an additional 852 shares during the last quarter. Saxon Interests Inc. acquired a new position in Cedar Fair during the fourth quarter worth $308,000. Carnegie Capital Asset Management LLC increased its holdings in shares of Cedar Fair by 10.9% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 10,546 shares of the company’s stock valued at $420,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Cedar Fair in the fourth quarter valued at about $463,000. 64.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FUN has been the subject of several recent research reports. KeyCorp upped their price objective on Cedar Fair from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Truist Financial increased their target price on Cedar Fair from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Mizuho cut their target price on Cedar Fair from $56.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. B. Riley raised their price objective on Cedar Fair from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on Cedar Fair from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $51.10.

View Our Latest Analysis on Cedar Fair

Cedar Fair Stock Down 0.6 %

FUN traded down $0.27 during trading hours on Friday, hitting $46.73. The stock had a trading volume of 110,423 shares, compared to its average volume of 210,519. The company’s fifty day simple moving average is $41.67 and its 200 day simple moving average is $40.77. Cedar Fair, L.P. has a 1 year low of $34.04 and a 1 year high of $47.60. The stock has a market cap of $2.39 billion, a PE ratio of 19.34 and a beta of 1.45.

Cedar Fair (NYSE:FUNGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($2.47) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.07). Cedar Fair had a negative return on equity of 22.94% and a net margin of 6.95%. The firm had revenue of $101.62 million during the quarter, compared to analysts’ expectations of $91.97 million. As a group, equities analysts expect that Cedar Fair, L.P. will post 3.47 EPS for the current year.

Cedar Fair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, June 5th. Cedar Fair’s dividend payout ratio (DPR) is currently 49.38%.

About Cedar Fair

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cedar Fair (NYSE:FUN)

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