46,073 Shares in Cedar Fair, L.P. (NYSE:FUN) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new stake in Cedar Fair, L.P. (NYSE:FUN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,073 shares of the company's stock, valued at approximately $1,834,000. Kestra Private Wealth Services LLC owned approximately 0.09% of Cedar Fair as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Cedar Fair by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 3,370,752 shares of the company's stock worth $124,718,000 after purchasing an additional 1,130,439 shares in the last quarter. Barclays PLC raised its position in Cedar Fair by 67.6% during the third quarter. Barclays PLC now owns 2,305,406 shares of the company's stock valued at $85,300,000 after acquiring an additional 930,021 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Cedar Fair in the third quarter valued at approximately $25,215,000. Impala Asset Management LLC boosted its position in Cedar Fair by 21.9% in the 3rd quarter. Impala Asset Management LLC now owns 379,040 shares of the company's stock worth $14,024,000 after purchasing an additional 68,150 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Cedar Fair by 26.4% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 171,373 shares of the company's stock worth $6,341,000 after purchasing an additional 35,818 shares during the period. Hedge funds and other institutional investors own 64.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FUN. KeyCorp lifted their price objective on shares of Cedar Fair from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, February 16th. StockNews.com assumed coverage on Cedar Fair in a report on Monday. They issued a "buy" rating on the stock. Oppenheimer started coverage on Cedar Fair in a research note on Thursday, February 8th. They set an "outperform" rating and a $49.00 target price for the company. Mizuho initiated coverage on Cedar Fair in a research report on Tuesday, March 26th. They set a "buy" rating and a $56.00 target price on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Cedar Fair from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $50.00.

Cedar Fair Price Performance

Shares of FUN stock traded up $1.52 during midday trading on Friday, hitting $39.38. The company had a trading volume of 143,333 shares, compared to its average volume of 206,770. The company's 50 day simple moving average is $40.68 and its 200 day simple moving average is $39.44. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 15.71 and a beta of 1.42. Cedar Fair, L.P. has a 52-week low of $34.04 and a 52-week high of $45.39.

Cedar Fair (NYSE:FUN - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Cedar Fair had a negative return on equity of 21.06% and a net margin of 6.96%. The company had revenue of $371.12 million for the quarter, compared to analyst estimates of $365.13 million. Analysts anticipate that Cedar Fair, L.P. will post 3.27 EPS for the current year.

Cedar Fair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Tuesday, March 5th. Cedar Fair's dividend payout ratio is 48.98%.

About Cedar Fair

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.