recently revealed that they own a 10.3% stake in Cedar Fair, L.P. (NYSE:FUN) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, March 12th. The investor owns 5,793,758 shares of the stock worth about $377,463,334. The disclosure is available through EDGAR at this link.
In related news, CEO Matthew A. Ouimet sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $67.91, for a total value of $407,460.00. Following the sale, the chief executive officer now directly owns 215,353 shares in the company, valued at approximately $14,624,622.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew A. Ouimet sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $64.69, for a total transaction of $129,380.00. Following the completion of the sale, the insider now owns 243,057 shares in the company, valued at $15,723,357.33. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $807,000 over the last quarter. Insiders own 2.00% of the company’s stock.
Cedar Fair, L.P. (NYSE FUN) traded down $0.84 during trading hours on Monday, hitting $65.15. 47,810 shares of the stock were exchanged, compared to its average volume of 118,335. The company has a debt-to-equity ratio of 20.02, a quick ratio of 0.96 and a current ratio of 1.10. Cedar Fair, L.P. has a fifty-two week low of $59.66 and a fifty-two week high of $72.56. The firm has a market cap of $3,670.00, a PE ratio of 22.29, a PEG ratio of 3.13 and a beta of 0.46.
Cedar Fair (NYSE:FUN) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.20 by $0.81. Cedar Fair had a net margin of 16.30% and a return on equity of 1,855.11%. The business had revenue of $228.20 million for the quarter, compared to analyst estimates of $222.34 million. During the same period in the previous year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. analysts forecast that Cedar Fair, L.P. will post 3.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be given a $0.89 dividend. The ex-dividend date is Thursday, March 8th. This represents a $3.56 annualized dividend and a dividend yield of 5.46%. Cedar Fair’s dividend payout ratio is presently 121.92%.
Several equities analysts have issued reports on FUN shares. Zacks Investment Research cut shares of Cedar Fair from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. KeyCorp set a $77.00 price target on shares of Cedar Fair and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Stifel Nicolaus upped their price target on shares of Cedar Fair from $74.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.20.
Cedar Fair 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.
Receive News & Ratings for Cedar Fair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Fair and related companies with MarketBeat.com's FREE daily email newsletter.