StoneMor Partners L.P. (STON) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of StoneMor Partners L.P. (NYSE:STON) from a strong sell rating to a sell rating in a report issued on Thursday.

A number of other equities research analysts have also recently weighed in on STON. FBR & Co restated a marketperform rating on shares of StoneMor Partners L.P. in a report on Tuesday, July 11th. UBS AG cut StoneMor Partners L.P. from an outperform rating to a market perform rating in a report on Monday, July 17th. Citigroup Inc. cut StoneMor Partners L.P. from an outperform rating to a market perform rating in a report on Monday, July 17th. Finally, Raymond James Financial, Inc. cut StoneMor Partners L.P. from an outperform rating to a market perform rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. StoneMor Partners L.P. presently has a consensus rating of Hold and an average target price of $12.00.

StoneMor Partners L.P. (NYSE STON) opened at 6.83 on Thursday. The firm’s 50-day moving average price is $6.31 and its 200-day moving average price is $7.69. StoneMor Partners L.P. has a 12 month low of $5.52 and a 12 month high of $14.89. The stock’s market cap is $259.25 million.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of 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 worth $1,222,000 after acquiring an additional 842 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of StoneMor Partners L.P. by 1,652.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock worth $153,000 after acquiring an additional 15,319 shares during the period. Virtu KCG Holdings LLC grew its holdings in shares of 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 worth $234,000 after acquiring an additional 1,236 shares during the period. Axar Capital Management L.P. acquired a new stake in shares of StoneMor Partners L.P. in the 2nd quarter worth approximately $15,825,000. Finally, MML Investors Services LLC grew its holdings in shares of 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 worth $261,000 after acquiring an additional 2,718 shares during the period. Institutional investors and hedge funds own 22.86% of the company’s stock.

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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