First Fiduciary Investment Counsel Inc. maintained its stake in Cedar Fair, L.P. (NYSE:FUN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,465 shares of the company’s stock at the end of the second quarter. First Fiduciary Investment Counsel Inc.’s holdings in Cedar Fair, L.P. were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alps Advisors Inc. grew its position in Cedar Fair, L.P. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,065 shares of the company’s stock valued at $509,000 after buying an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Cedar Fair, L.P. by 0.7% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 3,084 shares of the company’s stock valued at $222,000 after buying an additional 21 shares in the last quarter. MAI Capital Management grew its position in Cedar Fair, L.P. by 0.5% in the 2nd quarter. MAI Capital Management now owns 4,670 shares of the company’s stock valued at $337,000 after buying an additional 23 shares in the last quarter. Dynamic Advisors Solutions LLC grew its position in Cedar Fair, L.P. by 1.2% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 3,500 shares of the company’s stock valued at $252,000 after buying an additional 42 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Cedar Fair, L.P. by 0.5% in the 2nd quarter. Private Trust Co. NA now owns 10,048 shares of the company’s stock valued at $724,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 51.46% of the company’s stock.

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FUN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cedar Fair, L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded shares of Cedar Fair, L.P. from a “buy” rating to a “conviction-buy” rating and set a $81.00 target price for the company in a research report on Monday, June 19th. KeyCorp reiterated an “overweight” rating and issued a $74.00 target price on shares of Cedar Fair, L.P. in a research report on Wednesday, August 30th. BidaskClub lowered shares of Cedar Fair, L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 target price (down previously from $75.00) on shares of Cedar Fair, L.P. in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Cedar Fair, L.P. currently has a consensus rating of “Buy” and an average price target of $74.38.

Cedar Fair, L.P. (NYSE:FUN) traded up 0.51% during trading on Friday, hitting $62.70. 38,581 shares of the stock traded hands. The stock has a market cap of $3.53 billion, a P/E ratio of 26.30 and a beta of 0.48. Cedar Fair, L.P. has a 52 week low of $56.23 and a 52 week high of $72.56. The firm’s 50-day moving average is $64.81 and its 200 day moving average is $68.33.

Cedar Fair, L.P. (NYSE:FUN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.20). The firm had revenue of $392.80 million during the quarter, compared to analyst estimates of $405.78 million. Cedar Fair, L.P. had a return on equity of 1,048.17% and a net margin of 10.50%. Cedar Fair, L.P.’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities research analysts forecast that Cedar Fair, L.P. will post $2.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, September 6th were given a $0.855 dividend. The ex-dividend date was Friday, September 1st. This represents a $3.42 dividend on an annualized basis and a yield of 5.48%. Cedar Fair, L.P.’s payout ratio is 144.30%.

In other news, CEO Matthew A. Ouimet sold 2,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $64.90, for a total transaction of $129,800.00. Following the completion of the transaction, the chief executive officer now directly owns 193,199 shares in the company, valued at approximately $12,538,615.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew A. Ouimet sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $66.80, for a total value of $200,400.00. Following the transaction, the chief executive officer now owns 195,199 shares of the company’s stock, valued at $13,039,293.20. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Cedar Fair, L.P. Company Profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Institutional Ownership by Quarter for Cedar Fair, L.P. (NYSE:FUN)

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