StoneMor Partners L.P. (STON) Receives $11.00 Consensus Price Target from Analysts

StoneMor Partners L.P. (NYSE:STON) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company.

STON has been the topic of several research analyst reports. Raymond James Financial, Inc. lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub raised StoneMor Partners L.P. from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. UBS AG lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, Citigroup Inc. lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th.

Shares of StoneMor Partners L.P. (NYSE:STON) traded down $0.18 during trading hours on Wednesday, hitting $6.82. The stock had a trading volume of 255,900 shares, compared to its average volume of 285,839. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.56 and a current ratio of 2.56. StoneMor Partners L.P. has a fifty-two week low of $5.52 and a fifty-two week high of $11.58.

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in StoneMor Partners L.P. by 0.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 129,303 shares of the company’s stock valued at $1,222,000 after buying an additional 842 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in StoneMor Partners L.P. by 5.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 24,718 shares of the company’s stock valued at $234,000 after buying an additional 1,236 shares in the last quarter. MML Investors Services LLC lifted its stake in StoneMor Partners L.P. by 10.9% in the 2nd quarter. MML Investors Services LLC now owns 27,596 shares of the company’s stock valued at $261,000 after buying an additional 2,718 shares in the last quarter. Bank of America Corp DE lifted its stake in StoneMor Partners L.P. by 0.9% in the 1st quarter. Bank of America Corp DE now owns 324,685 shares of the company’s stock valued at $2,575,000 after buying an additional 2,856 shares in the last quarter. Finally, Creative Planning lifted its stake in StoneMor Partners L.P. by 19.8% in the 2nd quarter. Creative Planning now owns 26,258 shares of the company’s stock valued at $248,000 after buying an additional 4,333 shares in the last quarter. 22.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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