Winfield Associates Has Cut Its Cedar Fair LP Dep Unit (FUN) Holding; Prospector Partners Has Decreased Progressive Ohio (PGR) Position

April 20, 2018 - By Adrian Mccoy

Cedar Fair, L.P. (NYSE:FUN) Logo

Prospector Partners Llc decreased Progressive Corp Ohio (PGR) stake by 4.18% reported in 2017Q4 SEC filing. Prospector Partners Llc sold 6,100 shares as Progressive Corp Ohio (PGR)’s stock rose 7.49%. The Prospector Partners Llc holds 139,700 shares with $7.87M value, down from 145,800 last quarter. Progressive Corp Ohio now has $35.50B valuation. The stock decreased 0.28% or $0.17 during the last trading session, reaching $60.96. About 1.48M shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since April 20, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Winfield Associates Inc decreased Cedar Fair LP Dep Unit (FUN) stake by 21.51% reported in 2017Q4 SEC filing. Winfield Associates Inc sold 6,100 shares as Cedar Fair LP Dep Unit (FUN)’s stock declined 3.96%. The Winfield Associates Inc holds 22,255 shares with $1.45M value, down from 28,355 last quarter. Cedar Fair LP Dep Unit now has $3.61B valuation. The stock increased 0.69% or $0.44 during the last trading session, reaching $63.96. About 49,329 shares traded. Cedar Fair, L.P. (NYSE:FUN) has declined 5.90% since April 20, 2017 and is downtrending. It has underperformed by 17.45% the S&P500.

Among 10 analysts covering Cedar Fair (NYSE:FUN), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cedar Fair had 25 analyst reports since August 24, 2015 according to SRatingsIntel. Stifel Nicolaus initiated the shares of FUN in report on Friday, April 21 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $74.0 target in Monday, October 23 report. On Thursday, February 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Cedar Fair, L.P. (NYSE:FUN) earned “Conviction Buy” rating by Goldman Sachs on Monday, January 25. The stock of Cedar Fair, L.P. (NYSE:FUN) has “Buy” rating given on Wednesday, September 16 by Janney Capital. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, February 14 report. On Friday, July 8 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm earned “Buy” rating on Thursday, September 7 by Stifel Nicolaus. The firm has “Outperform” rating given on Thursday, February 16 by FBR Capital. Suntrust Robinson initiated it with “Hold” rating and $72 target in Thursday, April 13 report.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.39, from 0.68 in 2017Q3. It improved, as 15 investors sold FUN shares while 52 reduced holdings. 30 funds opened positions while 42 raised stakes. 27.83 million shares or 0.33% more from 27.74 million shares in 2017Q3 were reported. 401,135 are held by Epoch Inv Partners. Oppenheimer And holds 0.08% or 50,013 shares. Barnett & accumulated 42,524 shares. Janney Montgomery Scott Ltd Liability Corp has invested 0% in Cedar Fair, L.P. (NYSE:FUN). Gsa Cap Prns Limited Liability Partnership owns 28,259 shares or 0.11% of their US portfolio. The Illinois-based Hightower Advsrs Ltd Liability Corporation has invested 0% in Cedar Fair, L.P. (NYSE:FUN). Kornitzer Cap Management Ks has invested 0.01% of its portfolio in Cedar Fair, L.P. (NYSE:FUN). Girard Prns Ltd reported 5,020 shares. Bank Of Montreal Can has invested 0% in Cedar Fair, L.P. (NYSE:FUN). Mercer Capital Advisers invested 0.04% in Cedar Fair, L.P. (NYSE:FUN). Interocean Capital Ltd Co, a Illinois-based fund reported 4,200 shares. 550 are owned by Reilly Fin Advsr Llc. Raymond James Advsr Incorporated holds 15,439 shares. Wexford Cap Lp has 0.19% invested in Cedar Fair, L.P. (NYSE:FUN). Sequoia Advisors Limited accumulated 0.04% or 6,521 shares.

Winfield Associates Inc increased Vanguard Ftse Developed Markets Etf (VEA) stake by 8,800 shares to 122,409 valued at $5.49M in 2017Q4. It also upped Spdr Doubleline Total Return Tactical Etf stake by 6,550 shares and now owns 63,275 shares. Ishares Tr S&P Calif Mun Bd Fd (CMF) was raised too.

Since December 20, 2017, it had 0 insider purchases, and 4 selling transactions for $935,972 activity. Ouimet Matthew A also sold $129,380 worth of Cedar Fair, L.P. (NYSE:FUN) on Wednesday, January 17.

Analysts await Cedar Fair, L.P. (NYSE:FUN) to report earnings on May, 2 before the open. They expect $-1.35 earnings per share, down 19.47% or $0.22 from last year’s $-1.13 per share. After $1.01 actual earnings per share reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -233.66% negative EPS growth.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 62 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Wednesday, November 15 with “Buy” rating. The company was maintained on Tuesday, October 17 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 20 with “Buy”. The stock of The Progressive Corporation (NYSE:PGR) has “Hold” rating given on Friday, May 5 by Wells Fargo. On Wednesday, May 10 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was downgraded by Citigroup on Tuesday, December 1 to “Neutral”. Credit Suisse maintained it with “Underperform” rating and $42 target in Monday, September 18 report. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Thursday, February 15 by Sandler O’Neill. The firm earned “Neutral” rating on Monday, September 21 by Sterne Agee CRT. Deutsche Bank maintained the stock with “Sell” rating in Monday, September 19 report.

Cedar Fair, L.P. (NYSE:FUN) Institutional Positions Chart

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