Cedar Fair L P (FUN): David R. Hoffman , Senior VP & CAO of Cedar Fair L P sold 7,043 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $60.63 per share for a total value of $427,017.09 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, Milkie Duffield (Executive VP – General Counsel) sold 6,374 shares at $60.84 per share price.On Jun 3, 2016, Craig J Freeman (Senior VP, Administration) sold 1,794 shares at $60.03 per share price.Also, On Jun 3, 2016, Thomas Klein (director) purchased 3,000 shares at $58.65 per share price.On Feb 29, 2016, David R. Hoffman (Senior VP & CAO) purchased 10 shares at $57.46 per share price.
Cedar Fair L.P.: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Cedar Fair L.P. which led to swings in the share price. The shares opened for trading at $60.5 and hit $60.98 on the upside , eventually ending the session at $60.63, with a gain of 0.53% or 0.32 points. The heightened volatility saw the trading volume jump to 62,170 shares. The 52-week high of the share price is $63.4 and the company has a market cap of $3,400 M . The 52-week low of the share price is at $48.4552.
Company has been under the radar of several Street Analysts.Cedar Fair L.P. is Upgraded by Macquarie to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $60 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jul 8, 2016.
Cedar Fair L.P. is an operator of regional amusement parks. The Company owns 11 amusement parks three outdoor water parks one indoor water park and five hotels. 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. Paul in Shakopee Minnesota; Michigan’s Adventure located near Muskegon Michigan; Kings Dominion near Richmond Virginia; Carowinds in Charlotte North Carolina; Worlds of Fun located in Kansas City Missouri; Knott’s Berry Farm located near Los Angeles in Buena Park California and California’s Great America (Great America) located in Santa Clara California. The Company also manages and operates Gilroy Gardens Family Theme Park in Gilroy California.