Lmm Has Lowered Its Apple (AAPL) Holding; Cedar Fair LP (FUN) Sentiment Is 1.09

November 14, 2017 - By Stephen Andrade

Cedar Fair, L.P. is an operator of regional amusement parks. The company has market cap of $3.76 billion. The Firm operates within a segment of amusement/water parks with accompanying resort facilities.

It has a 25.13 P/E ratio. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Lmm Llc decreased Apple Inc (AAPL) stake by 99.76% reported in 2017Q2 SEC filing. Lmm Llc sold 2.11 million shares as Apple Inc (AAPL)’s stock rose 12.78%. The Lmm Llc holds 5,065 shares with $729,000 value, down from 2.11 million last quarter. Apple Inc now has $884.18 billion valuation. The stock declined 1.01% or $1.76 reaching $172.21 per share. About 2.81 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 14, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Among 49 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Therefore 82% are positive. Apple Inc. had 329 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by J.P. Morgan on Wednesday, August 2. Argus Research maintained the shares of AAPL in report on Wednesday, January 27 with “Buy” rating. The rating was maintained by Credit Suisse with “Buy” on Tuesday, July 25. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Stifel Nicolaus on Monday, August 24. The stock has “Buy” rating by Macquarie Research on Tuesday, September 1. Goldman Sachs maintained the shares of AAPL in report on Thursday, June 2 with “Buy” rating. Deutsche Bank maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, August 2 with “Hold” rating. Bank of America maintained the stock with “Buy” rating in Thursday, January 19 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Monday, October 23 by UBS. Barclays Capital downgraded the shares of AAPL in report on Tuesday, January 24 to “Equal-Weight” rating.

Lmm Llc increased New Residential Invt Corp (NYSE:NRZ) stake by 31,000 shares to 311,750 valued at $4.85M in 2017Q2. It also upped Seaspan Corp (NYSE:SSW) stake by 132,185 shares and now owns 632,185 shares. Onemain Hldgs Inc was raised too.

Since May 16, 2017, it had 0 insider purchases, and 6 sales for $22.49 million activity. Cue Eduardo H sold $6.92 million worth of stock. FEDERIGHI CRAIG also sold $9.91 million worth of Apple Inc. (NASDAQ:AAPL) shares. Riccio Daniel J. had sold 11,949 shares worth $1.86M. 10,000 Apple Inc. (NASDAQ:AAPL) shares with value of $1.53M were sold by Srouji Johny. Maestri Luca sold $735,898 worth of stock or 4,757 shares.

Investors sentiment increased to 0.68 in Q2 2017. Its up 0.04, from 0.64 in 2017Q1. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Sandy Spring Savings Bank holds 155,378 shares or 2.2% of its portfolio. Weatherstone Capital Mgmt holds 0.51% or 5,392 shares in its portfolio. Legacy Private Co accumulated 0.44% or 24,383 shares. Odey Asset Limited invested in 0.44% or 28,000 shares. Shikiar Asset holds 5.74% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 92,398 shares. Alyeska Inv Grp Limited Partnership accumulated 693,494 shares. Valiant Capital Lp reported 464,000 shares or 3.71% of all its holdings. 34,377 were accumulated by Bluemountain Capital Limited Liability Company. Zeke Cap Advsrs Llc reported 62,283 shares. Spirit Of America Corp New York invested 0.36% of its portfolio in Apple Inc. (NASDAQ:AAPL). Rosenbaum Jay D invested in 14,855 shares. Daiwa Securities Group Inc Inc invested in 281,552 shares or 0.26% of the stock. Ameritas Invest Prns Inc stated it has 317,496 shares or 2.22% of all its holdings. Sol Cap Mngmt owns 1.34% invested in Apple Inc. (NASDAQ:AAPL) for 33,776 shares. Texan Cap Mgmt, a Texas-based fund reported 25,591 shares.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25 billion for 11.48 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Trafelet Brokaw Capital Management L.P. holds 9.78% of its portfolio in Cedar Fair, L.P. for 168,939 shares. Overbrook Management Corp owns 476,993 shares or 7.41% of their US portfolio. Moreover, Msd Partners L.P. has 7.17% invested in the company for 1.60 million shares. The New York-based Hollow Brook Wealth Management Llc has invested 7.03% in the stock. Aureus Asset Management Llc, a Massachusetts-based fund reported 221,246 shares.

Ratings analysis reveals 67% of Cedar Fair’s analysts are positive. Out of 3 Wall Street analysts rating Cedar Fair, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $72.0 while the high is $81.0. The stock’s average target of $75.67 is 13.26% above today’s ($66.81) share price. FUN was included in 3 notes of analysts from February 16, 2017. The stock has “Outperform” rating by FBR Capital on Thursday, February 16. SunTrust initiated Cedar Fair, L.P. (NYSE:FUN) rating on Thursday, April 13. SunTrust has “Hold” rating and $72.0 target. The firm earned “Buy” rating on Thursday, April 6 by Goldman Sachs.

Analysts await Cedar Fair, L.P. (NYSE:FUN) to report earnings on February, 21. They expect $0.21 earnings per share, up 275.00% or $0.33 from last year’s $-0.12 per share. FUN’s profit will be $11.82M for 79.54 P/E if the $0.21 EPS becomes a reality. After $3.38 actual earnings per share reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -93.79% negative EPS growth.

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