Janus Henderson Group PLC Has $235.17 Million Position in Cedar Fair, L.P. (FUN)

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Janus Henderson Group PLC lessened its position in shares of Cedar Fair, L.P. (NYSE:FUN) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,469,181 shares of the company’s stock after selling 54,115 shares during the quarter. Janus Henderson Group PLC owned approximately 0.08% of Cedar Fair worth $235,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its holdings in Cedar Fair by 66.7% during the first quarter. Capital Investment Advisory Services LLC now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Cedar Fair during the first quarter valued at $37,000. PRW Wealth Management LLC purchased a new position in Cedar Fair during the fourth quarter valued at $34,000. CWM LLC purchased a new position in Cedar Fair during the fourth quarter valued at $65,000. Finally, Valley National Advisers Inc. lifted its holdings in Cedar Fair by 50.0% during the first quarter. Valley National Advisers Inc. now owns 1,500 shares of the company’s stock valued at $79,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 51.20% of the company’s stock.

Shares of NYSE:FUN traded up $0.56 during midday trading on Friday, hitting $55.23. The company’s stock had a trading volume of 8,657 shares, compared to its average volume of 197,295. The company has a current ratio of 0.85, a quick ratio of 0.72 and a debt-to-equity ratio of 51.13. The company has a market cap of $3.13 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.72 and a beta of 0.57. Cedar Fair, L.P. has a 12-month low of $45.73 and a 12-month high of $67.35.

Cedar Fair (NYSE:FUN) last posted its quarterly earnings results on Wednesday, February 13th. The company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.59). The business had revenue of $249.80 million during the quarter, compared to analysts’ expectations of $243.23 million. Cedar Fair had a return on equity of 22,432.99% and a net margin of 9.39%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. On average, analysts expect that Cedar Fair, L.P. will post 3.3 earnings per share for the current year.

FUN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Cedar Fair from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, January 9th. TheStreet raised shares of Cedar Fair from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, Macquarie raised shares of Cedar Fair from a “neutral” rating to an “outperform” rating in a research note on Friday, February 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.83.

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About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels. 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, Canada; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St.

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Institutional Ownership by Quarter for Cedar Fair (NYSE:FUN)

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