There has been some buying and selling insider activity on Cedar Fair, L.P. Common Stock (NYSE:FUN) recently. Today David R. Hoffman, Senior VP & CAO disclosed the sale of 7,043 shares of (FUN). The shares were purchased at an average price of $60.63. Hoffman now owns $1,632,160 of the stock according to the SEC filing. Executive VP – General Counsel Milkie Duffield let go of 6,374 shares at an average price of $60.84 on Tue the 20th. Duffield now owns $2,686,938 of stock as recorded in a recent Form 4 SEC filing.
Yesterday Director Thomas Klein disclosed the purchase of 3,000 shares. The shares were bought on May 16th for an average price of $58.00. The Director now owns $816,234 of the stock per the Form 4 SEC filing.
The following firms have also recently changed their position in FUN. Northwestern Mutual Investment Management Company, LLC bolstered its investment by buying 125,082 shares an increase of 30.1% in the quarter. Northwestern Mutual Investment Management Company, LLC now controls 540,890 shares valued at $31,274,000. The total value of its holdings increased 26.5%. Ifp Advisors, Inc grew its holdings by buying 1,908 shares an increase of 38.7% from 03/31/2016 to 06/30/2016. Ifp Advisors, Inc currently owns 6,839 shares worth $395,000. The value of the position overall is up by 34.8%.
Lebenthal Holdings,llc downsized its position by selling 2,200 shares a decrease of 3.9%. Lebenthal Holdings,llc controls 53,516 shares with a value of $3,094,000. The total value of its holdings decreased 6.6%. Stifel Financial Corp reduced its ownership by selling 157,060 shares a decrease of 99.5% as of 06/30/2016. Stifel Financial Corp claims 780 shares valued at $46,000. The value of the position overall is down by 99.5%.
On July 8 the stock rating was upgraded from “Neutral” to “Outperform” in an announcement from Macquarie. On April 19 analysts at Stephens & Co. added the stock to its research portfolio with a rating of “Equal-weight”.
Credit Suisse started covering FUN with an initial rating of “Outperform” and setting a price target of $65.00. February 18 investment analysts at Credit Suisse made no change to the company rating of “Outperform” but lowered the price target from $68.00 to $65.00.
On January 25, 2016 the stock rating was rated “Conviction Buy” according to a Goldman Sachs report which was a boost from the previous “Buy” rating. Equity analyst Macquarie released its first research report on the stock setting a rating of “Neutral” and projecting a price target of $58.00.
In the market the company is trading down by -0.05 percent from yesterday’s close. Additionally the company recently declared a dividend for shareholders paid on Thursday the 15th of September 2016. The dividend was $0.825 per share for the quarter or $3.30 on an annualized basis. This dividend represents a yeild of $5.45 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 1st of September 2016.
It is trading at $59.35 a tad higher than $58.91, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $58.93. The 50 day moving average moved up $0.39 and the 200 day average went up by +0.63%.
The most current P/E ratio is 22.74 and market capitalization is 3.33B. In the last earnings report the EPS was $2.61 and is estimated to be $3.64 for the current year with 56,076,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $-0.17 with next year’s EPS projected to be $3.66.