StoneMor Partners L.P. (STON) Upgraded to “Sell” by BidaskClub

StoneMor Partners L.P. (NYSE:STON) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Several other equities analysts also recently commented on STON. UBS Group AG downgraded shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Citigroup Inc downgraded shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. FBR & Co reiterated a “marketperform” rating on shares of StoneMor Partners L.P. in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. downgraded shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.00.

Shares of StoneMor Partners L.P. (STON) traded up 4.33% during mid-day trading on Thursday, reaching $6.75. 305,933 shares of the company’s stock were exchanged. The stock’s market cap is $256.21 million. The stock’s 50-day moving average is $6.29 and its 200-day moving average is $7.70. StoneMor Partners L.P. has a 52-week low of $5.52 and a 52-week high of $25.14.

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Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its holdings in shares of StoneMor Partners L.P. by 29.4% in the first quarter. Morgan Stanley now owns 2,186,589 shares of the company’s stock valued at $17,341,000 after purchasing an additional 496,361 shares during the last quarter. Axar Capital Management L.P. acquired a new position in shares of StoneMor Partners L.P. in the second quarter valued at $15,825,000. Walnut Private Equity Partners LLC increased its holdings in shares of StoneMor Partners L.P. by 1.5% in the second quarter. Walnut Private Equity Partners LLC now owns 331,678 shares of the company’s stock valued at $3,134,000 after purchasing an additional 5,000 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of StoneMor Partners L.P. by 0.9% in the first quarter. Bank of America Corp DE now owns 324,685 shares of the company’s stock valued at $2,575,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Parkwood LLC acquired a new position in shares of StoneMor Partners L.P. in the second quarter valued at $2,032,000. Hedge funds and other institutional investors own 22.86% of the company’s stock.

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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