StoneMor Partners L.P. (NYSE:STON) had its target price decreased by analysts at Wunderlich from $15.00 to $11.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. Wunderlich’s price target would indicate a potential upside of 17.52% from the stock’s previous close.

STON has been the subject of several other reports. Raymond James Financial Inc. downgraded StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th. Zacks Investment Research cut StoneMor Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 19th. Citigroup Inc. cut StoneMor Partners L.P. to a “market perform” rating in a research report on Friday, October 28th. Finally, Janney Montgomery Scott cut StoneMor Partners L.P. from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

StoneMor Partners L.P. (NYSE:STON) opened at 9.36 on Wednesday. The stock’s market cap is $331.71 million. The stock has a 50 day moving average price of $20.82 and a 200 day moving average price of $23.73. StoneMor Partners L.P. has a 52-week low of $7.74 and a 52-week high of $29.75.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, November 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 14.10%. The ex-dividend date is Thursday, November 3rd.

In other StoneMor Partners L.P. news, CFO Sean P. Mcgrath sold 1,262 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $24.92, for a total transaction of $31,449.04. Following the transaction, the chief financial officer now owns 3,774 shares in the company, valued at approximately $94,048.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its position in 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 during the last quarter. Arrow Investment Advisors LLC boosted its position in StoneMor Partners L.P. by 29.9% in the second quarter. Arrow Investment Advisors LLC now owns 28,434 shares of the company’s stock valued at $712,000 after buying an additional 6,541 shares during the last quarter. Weybosset Research & Management LLC boosted its position in StoneMor Partners L.P. by 6.2% in the second quarter. Weybosset Research & Management LLC now owns 229,513 shares of the company’s stock valued at $5,749,000 after buying an additional 13,377 shares during the last quarter. Investors Capital Advisory Services boosted its position in StoneMor Partners L.P. by 0.3% in the second quarter. Investors Capital Advisory Services now owns 12,437 shares of the company’s stock valued at $310,000 after buying an additional 35 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 during 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

Receive News & Stock Ratings for StoneMor Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneMor Partners L.P. and related stocks with our FREE daily email newsletter.