StoneMor Partners L.P.’s (NYSE:STON) Marketperform Rating Reiterated at FBR & Co
StoneMor Partners L.P. (NYSE:STON)‘s stock had its “marketperform” rating restated by analysts at FBR & Co in a research note issued on Tuesday, July 11th.
A number of other analysts have also issued reports on STON. BidaskClub raised StoneMor Partners L.P. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised StoneMor Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Seven equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.
StoneMor Partners L.P. (NYSE:STON) traded down 0.46% during mid-day trading on Tuesday, reaching $6.48. The company’s stock had a trading volume of 341,187 shares. The stock’s market cap is $230.04 million. The firm’s 50 day moving average price is $8.30 and its 200 day moving average price is $9.17. StoneMor Partners L.P. has a 12-month low of $5.80 and a 12-month high of $25.58.
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A number of hedge funds have recently made changes to their positions in STON. Crescent Grove Advisors LLC purchased a new stake in shares of StoneMor Partners L.P. during the second quarter valued at $139,000. Ameriprise Financial Inc. bought a new position in shares of StoneMor Partners L.P. during the first quarter worth approximately $126,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 worth $175,000 after buying an additional 1,713 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of StoneMor Partners L.P. during the fourth quarter worth approximately $195,000. Finally, KCG Holdings Inc. bought a new position in shares of StoneMor Partners L.P. during the first quarter worth approximately $186,000. 25.57% of the stock is owned by hedge funds and other institutional investors.
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.
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