Latest Stocks: StoneMor Partners L.P. (STON) Receives Consensus Rating of “Hold” from Brokerages

Latest Stocks: StoneMor Partners L.P. (STON) Receives Consensus Rating of “Hold” from Brokerages

StoneMor Partners L.P. (NYSE:STON) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.00.

Separately, Zacks Investment Research upgraded StoneMor Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd.

StoneMor Partners L.P. (NYSE:STON) opened at 9.18 on Tuesday. StoneMor Partners L.P. has a 52-week low of $7.65 and a 52-week high of $26.90. The firm has a 50-day moving average price of $9.05 and a 200 day moving average price of $9.44. The stock’s market cap is $325.89 million.

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.38%. StoneMor Partners L.P.’s payout ratio is -128.16%. Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. purchased a new stake in shares of StoneMor Partners L.P. during the first quarter worth about $126,000. Staley Capital Advisers Inc. purchased a new stake in shares of StoneMor Partners L.P. during the first quarter worth about $198,000. Wells Fargo & Company MN raised its stake in shares of StoneMor Partners L.P. by 38.0% in the first quarter. Wells Fargo & Company MN now owns 31,987 shares of the company’s stock worth $254,000 after buying an additional 8,815 shares during the last quarter. WFG Advisors LP raised its stake in shares of StoneMor Partners L.P. by 1,154.4% in the fourth quarter. WFG Advisors LP now owns 11,929 shares of the company’s stock worth $941,000 after buying an additional 10,978 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake 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 worth $175,000 after buying an additional 1,713 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

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