BidaskClub Upgrades StoneMor Partners L.P. (STON) to Buy

StoneMor Partners L.P. (NYSE:STON) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research upgraded StoneMor Partners L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of StoneMor Partners L.P. (NYSE:STON) opened at 9.03 on Thursday. The company’s market cap is $320.57 million. StoneMor Partners L.P. has a 52-week low of $7.65 and a 52-week high of $26.90. The stock’s 50 day moving average price is $9.10 and its 200-day moving average price is $9.40.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in shares of StoneMor Partners L.P. during the first quarter valued at about $126,000. Ladenburg Thalmann Financial Services Inc. raised 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 valued at $175,000 after buying an additional 1,713 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of StoneMor Partners L.P. during the first quarter valued at about $186,000. GSA Capital Partners LLP bought a new position in shares of StoneMor Partners L.P. during the fourth quarter valued at about $195,000. Finally, Staley Capital Advisers Inc. bought a new position in shares of StoneMor Partners L.P. during the first quarter valued at about $198,000. Institutional investors own 24.46% 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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