StoneMor Partners L.P. (NYSE:STON) has earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.00.

Several research analysts have commented on STON shares. Zacks Investment Research raised StoneMor Partners L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. BidaskClub raised StoneMor Partners L.P. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, FBR & Co reissued a “marketperform” rating on shares of StoneMor Partners L.P. in a research report on Tuesday, July 11th.

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A number of institutional investors have recently bought and sold shares of STON. GSA Capital Partners LLP bought a new stake in StoneMor Partners L.P. during the fourth quarter valued at about $195,000. Ladenburg Thalmann Financial Services Inc. boosted its position in StoneMor Partners L.P. by 9.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,103 shares of the company’s stock valued at $175,000 after buying an additional 1,713 shares during the last quarter. Wells Fargo & Company MN boosted its position in StoneMor Partners L.P. by 38.0% in the first quarter. Wells Fargo & Company MN now owns 31,987 shares of the company’s stock valued at $254,000 after buying an additional 8,815 shares during the last quarter. Staley Capital Advisers Inc. purchased a new position in StoneMor Partners L.P. during the first quarter valued at $198,000. Finally, Ameriprise Financial Inc. purchased a new position in StoneMor Partners L.P. during the first quarter worth approximately $126,000. Institutional investors and hedge funds own 24.46% of the company’s stock.

StoneMor Partners L.P. (STON) traded up 0.67% during midday trading on Thursday, reaching $9.07. The company’s stock had a trading volume of 101,656 shares. The firm’s market capitalization is $321.98 million. StoneMor Partners L.P. has a 1-year low of $7.65 and a 1-year high of $26.90. The firm has a 50 day moving average price of $9.10 and a 200 day moving average price of $9.40.

StoneMor Partners L.P. Company Profile

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.

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