Shares of Cedar Fair, L.P. (NYSE:FUN) hit a new 52-week high during trading on Thursday . The company traded as high as $62.00 and last traded at $61.63, with a volume of 125,296 shares trading hands. The stock had previously closed at $60.82.

A number of brokerages have commented on FUN. FBR & Co restated a “buy” rating on shares of Cedar Fair, L.P. in a research note on Friday. Macquarie upgraded shares of Cedar Fair, L.P. from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $65.00 in a research note on Friday, July 8th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $69.00 price objective on shares of Cedar Fair, L.P. in a report on Wednesday, July 6th. Zacks Investment Research downgraded shares of Cedar Fair, L.P. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Finally, Stephens began coverage on shares of Cedar Fair, L.P. in a report on Tuesday, April 19th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Cedar Fair, L.P. currently has a consensus rating of “Buy” and a consensus target price of $64.14.

The firm has a 50-day moving average price of $58.81 and a 200 day moving average price of $57.07. The company has a market cap of $3.46 billion and a P/E ratio of 23.65.

Cedar Fair, L.P. (NYSE:FUN) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.87) EPS for the quarter, topping analysts’ consensus estimates of ($1.12) by $0.25. The business earned $58.40 million during the quarter, compared to analysts’ expectations of $51.14 million. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.50) EPS. On average, analysts predict that Cedar Fair, L.P. will post $3.66 earnings per share for the current fiscal year.

In other Cedar Fair, L.P. news, VP Craig J. Freeman sold 1,794 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $60.03, for a total transaction of $107,693.82. Following the completion of the transaction, the vice president now owns 36,921 shares of the company’s stock, valued at $2,216,367.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Klein acquired 3,000 shares of the stock in a transaction on Thursday, June 2nd. The shares were purchased at an average cost of $58.65 per share, with a total value of $175,950.00. Following the transaction, the director now directly owns 17,073 shares of the company’s stock, valued at approximately $1,001,331.45. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in FUN. California Public Employees Retirement System raised its position in shares of Cedar Fair, L.P. by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 167,500 shares of the company’s stock valued at $9,353,000 after buying an additional 16,300 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Cedar Fair, L.P. by 52.3% in the fourth quarter. GSA Capital Partners LLP now owns 48,789 shares of the company’s stock valued at $2,724,000 after buying an additional 16,745 shares in the last quarter. Azimuth Capital Management LLC raised its position in shares of Cedar Fair, L.P. by 4.5% in the fourth quarter. Azimuth Capital Management LLC now owns 32,360 shares of the company’s stock valued at $1,807,000 after buying an additional 1,385 shares in the last quarter. Finally, Trust & Fiduciary Management Services Inc. raised its position in shares of Cedar Fair, L.P. by 53.0% in the fourth quarter. Trust & Fiduciary Management Services Inc. now owns 78,677 shares of the company’s stock valued at $4,393,000 after buying an additional 27,269 shares in the last quarter.

Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns approximately 10 amusement parks, three outdoor water parks, an indoor water park and five hotels. The Company operates through amusement/water parks with accompanying resort facilities segment. Its 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 (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St.

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