Cedar Fair, L.P. (FUN) Reaches $65.18 Formed H&S; Popular (BPOP) Has 1.33 Sentiment

June 18, 2018 - By John Hoffman

Popular, Inc. (NASDAQ:BPOP) Logo

Cedar Fair, L.P. (FUN) formed H&S with $59.97 target or 8.00% below today’s $65.18 share price. Cedar Fair, L.P. (FUN) has $3.68B valuation. The stock decreased 0.43% or $0.28 during the last trading session, reaching $65.18. About 29,690 shares traded. Cedar Fair, L.P. (NYSE:FUN) has declined 7.32% since June 18, 2017 and is downtrending. It has underperformed by 19.89% the S&P500. Some Historical FUN News: ; 02/05/2018 – Cedar Fair 1Q Loss $83.4M; 22/05/2018 – Classic Roller Coaster at Worlds of Fun Gets New Twist; 22/04/2018 – DJ Cedar Fair LP, Inst Holders, 1Q 2018 (FUN); 02/05/2018 – Cedar Fair Declares Cash Distribution of $0.89/LP Unit; 02/05/2018 – Cedar Fair 1Q Rev $55M; 02/05/2018 – Cedar Fair Declares Dividend of $0.89; 02/05/2018 – /C O R R E C T I O N — Cedar Fair Entertainment Company/; 02/05/2018 – Cedar Fair 1Q Loss/Shr $1.49; 03/04/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Cedar Fair, American Public Education, Cadiz, National Rese; 02/05/2018 – Cedar Point Opens “With a Vengeance” This Saturday

Popular Inc (BPOP) investors sentiment increased to 1.33 in 2018 Q1. It’s up 0.43, from 0.9 in 2017Q4. The ratio has increased, as 105 hedge funds increased and started new stock positions, while 79 sold and reduced holdings in Popular Inc. The hedge funds in our database now own: 88.12 million shares, up from 85.70 million shares in 2017Q4. Also, the number of hedge funds holding Popular Inc in top ten stock positions increased from 3 to 5 for an increase of 2. Sold All: 16 Reduced: 63 Increased: 63 New Position: 42.

Analysts await Cedar Fair, L.P. (NYSE:FUN) to report earnings on August, 1. They expect $1.09 EPS, up 32.93% or $0.27 from last year’s $0.82 per share. FUN’s profit will be $61.49 million for 14.95 P/E if the $1.09 EPS becomes a reality. After $-1.27 actual EPS reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -185.83% EPS growth.

Since December 20, 2017, it had 0 insider buys, and 3 selling transactions for $528,512 activity. $270,170 worth of Cedar Fair, L.P. (NYSE:FUN) was sold by Ouimet Matthew A.

Among 10 analysts covering Cedar Fair (NYSE:FUN), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cedar Fair has $81 highest and $60 lowest target. $73.11’s average target is 12.17% above currents $65.18 stock price. Cedar Fair had 25 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, October 23. The rating was upgraded by Macquarie Research on Friday, July 8 to “Outperform”. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, February 14. The rating was upgraded by Hilliard Lyons on Monday, August 24 to “Buy”. The firm has “Outperform” rating by FBR Capital given on Thursday, February 18. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 2. The firm earned “Buy” rating on Friday, April 21 by Stifel Nicolaus. Stephens initiated the shares of FUN in report on Tuesday, April 19 with “Equal-Weight” rating. The firm has “Outperform” rating given on Thursday, February 16 by FBR Capital.

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.04, from 1.07 in 2017Q4. It dropped, as 20 investors sold Cedar Fair, L.P. shares while 47 reduced holdings. 20 funds opened positions while 49 raised stakes. 27.90 million shares or 0.25% more from 27.83 million shares in 2017Q4 were reported. Tower Rech Capital Ltd Co (Trc) holds 0.02% of its portfolio in Cedar Fair, L.P. (NYSE:FUN) for 4,166 shares. Fifth Third Retail Bank holds 0.01% or 13,045 shares. Benjamin F Edwards & Co owns 1,704 shares for 0.01% of their portfolio. Glob X Mngmt Commerce Ltd reported 114,006 shares. Sheets Smith Wealth Mngmt reported 12,775 shares. Tdam Usa Inc reported 19,677 shares or 0.08% of all its holdings. Delta Asset Mgmt Ltd Tn holds 0.12% of its portfolio in Cedar Fair, L.P. (NYSE:FUN) for 13,155 shares. Trafelet Brokaw Capital Mgmt L P invested in 160,478 shares. Avenir reported 91,177 shares stake. Hall Laurie J Trustee holds 1,400 shares. 182,135 were accumulated by Stifel. 5.00 million are held by Neuberger Berman Ltd Llc. Creative Planning holds 0% in Cedar Fair, L.P. (NYSE:FUN) or 6,891 shares. Moreover, Jane Street Gp Limited has 0% invested in Cedar Fair, L.P. (NYSE:FUN) for 4,354 shares. Segment Wealth Lc has 0.14% invested in Cedar Fair, L.P. (NYSE:FUN) for 8,515 shares.

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking services and products primarily to institutional and retail customers. The company has market cap of $4.71 billion. The firm accepts various deposit products. It has a 45.71 P/E ratio. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage loans; and consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.

Raffles Associates Lp holds 11.71% of its portfolio in Popular, Inc. for 262,400 shares. Polaris Capital Management Llc owns 4.60 million shares or 7.05% of their US portfolio. Moreover, Raging Capital Management Llc has 4.54% invested in the company for 817,946 shares. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 4.13% in the stock. Elm Ridge Management Llc, a New York-based fund reported 193,746 shares.

More notable recent Popular, Inc. (NASDAQ:BPOP) news were published by: Investorplace.com which released: “5 Top-Ranked Bank Stocks to Profit From Fed’s Rate Hike” on June 14, 2018, also Streetinsider.com with their article: “Popular (BPOP) to Acquire Wells Fargo’s (WFC) Auto Finance Business in Puerto Rico” published on June 04, 2018, Streetinsider.com published: “Piper Jaffray Raises Popular (BPOP) PT To $60 On LSA Termination” on May 29, 2018. More interesting news about Popular, Inc. (NASDAQ:BPOP) were released by: Streetinsider.com and their article: “Raising PT’s On BPOP, FBP and OFG On Economic Stability And Hints At Debt Settlement – Piper Jaffray” published on May 21, 2018 as well as Businesswire.com‘s news article titled: “Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities” with publication date: June 05, 2018.

Analysts await Popular, Inc. (NASDAQ:BPOP) to report earnings on July, 25. They expect $0.97 EPS, up 3.19% or $0.03 from last year’s $0.94 per share. BPOP’s profit will be $99.21M for 11.86 P/E if the $0.97 EPS becomes a reality. After $0.89 actual EPS reported by Popular, Inc. for the previous quarter, Wall Street now forecasts 8.99% EPS growth.

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