StoneMor Partners L.P. (NYSE:STON) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.00.
Several analysts have commented on STON shares. B. Riley lowered their price objective on shares of StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, January 30th. BidaskClub upgraded shares of StoneMor Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th.
Several hedge funds have recently added to or reduced their stakes in the company. Chessman Wealth Strategies RIA purchased a new position in StoneMor Partners in the 4th quarter worth approximately $118,000. First Republic Investment Management Inc. bought a new stake in StoneMor Partners in the 3rd quarter worth approximately $600,000. Oaktree Capital Management LP grew its position in StoneMor Partners by 22.0% in the 3rd quarter. Oaktree Capital Management LP now owns 1,525,000 shares of the company’s stock worth $9,943,000 after purchasing an additional 275,000 shares during the period. Csenge Advisory Group bought a new stake in StoneMor Partners in the 3rd quarter worth approximately $249,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in StoneMor Partners by 0.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 129,303 shares of the company’s stock worth $1,222,000 after purchasing an additional 842 shares during the period. Hedge funds and other institutional investors own 29.27% of the company’s stock.
StoneMor Partners (STON) traded up $0.06 during midday trading on Tuesday, hitting $5.01. The company had a trading volume of 279,573 shares, compared to its average volume of 247,725. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 2.24. StoneMor Partners has a 12 month low of $4.61 and a 12 month high of $11.45.
StoneMor Partners (NYSE:STON) last issued its quarterly earnings data on Friday, January 26th. The company reported ($0.25) EPS for the quarter. StoneMor Partners had a negative return on equity of 22.16% and a negative net margin of 10.42%. The company had revenue of $84.03 million during the quarter. During the same period in the previous year, the business earned ($0.28) EPS. analysts anticipate that StoneMor Partners will post -0.89 EPS for the current fiscal year.
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StoneMor Partners 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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