Q Investments will sell up to 30% of its stake in Cedar Fair over the next year

Posted | Contributed by Jeff

Q Investments, which owns 18.1 percent of the company that owns Cedar Point and other amusement and water parks nationwide, said in a regulatory filing that it would sell 3 million of its 10 million Cedar Fair shares over the next year, "depending on market conditions." The filing said it would make the divestment if the share price stays at or above its current $22. The Cedar Fair stock price has almost doubled in the past two years; when Q Investments initially bought into Cedar Fair, the share price was $11.45.