StoneMor Partners L.P. (NYSE:STON) was upgraded by Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also issued reports about the stock. Wunderlich decreased their price objective on shares of StoneMor Partners L.P. from $15.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday. Citigroup Inc. lowered shares of StoneMor Partners L.P. to a “market perform” rating in a report on Friday, October 28th. Janney Montgomery Scott lowered shares of StoneMor Partners L.P. from a “buy” rating to a “neutral” rating in a report on Friday, October 28th. Finally, Zacks Investment Research lowered shares of StoneMor Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. StoneMor Partners L.P. has a consensus rating of “Hold” and a consensus target price of $25.00.

StoneMor Partners L.P. (NYSE:STON) traded up 7.12% during trading on Thursday, hitting $9.18. The stock had a trading volume of 165,868 shares. StoneMor Partners L.P. has a 52-week low of $7.74 and a 52-week high of $29.75. The company has a 50-day moving average price of $21.26 and a 200-day moving average price of $23.83. The company’s market cap is $325.33 million.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 15.40%.

In related news, CFO Sean P. Mcgrath sold 1,262 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $24.92, for a total value of $31,449.04. Following the completion of the transaction, the chief financial officer now owns 3,774 shares of the company’s stock, valued at approximately $94,048.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of StoneMor Partners L.P. by 5.1% in the second quarter. HighTower Advisors LLC now owns 18,424 shares of the company’s stock valued at $461,000 after buying an additional 899 shares in the last quarter. Global X Management Co. LLC increased its position in shares of StoneMor Partners L.P. by 10.9% in the second quarter. Global X Management Co. LLC now owns 214,353 shares of the company’s stock valued at $5,370,000 after buying an additional 21,124 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of StoneMor Partners L.P. by 20.4% in the second quarter. JPMorgan Chase & Co. now owns 119,182 shares of the company’s stock valued at $2,985,000 after buying an additional 20,230 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of StoneMor Partners L.P. during the second quarter valued at $287,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of StoneMor Partners L.P. by 1.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 102,310 shares of the company’s stock valued at $2,563,000 after buying an additional 1,128 shares in the last quarter.

About StoneMor Partners L.P.

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.

5 Day Chart for NYSE:STON

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