Bank of America Corp DE increased its position in StoneMor Partners L.P. (NYSE:STON) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,685 shares of the company’s stock after buying an additional 2,856 shares during the period. Bank of America Corp DE’s holdings in StoneMor Partners L.P. were worth $2,575,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in shares of StoneMor Partners L.P. during the first quarter worth $126,000. KCG Holdings Inc. acquired a new stake in shares of StoneMor Partners L.P. during the first quarter worth $186,000. Staley Capital Advisers Inc. acquired a new stake in shares of StoneMor Partners L.P. during the first quarter worth $198,000. Wells Fargo & Company MN increased 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. Finally, Arrow Investment Advisors LLC increased its stake in shares of StoneMor Partners L.P. by 213.8% in the first quarter. Arrow Investment Advisors LLC now owns 107,810 shares of the company’s stock worth $855,000 after buying an additional 73,452 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

Shares of StoneMor Partners L.P. (STON) traded down 1.26% during midday trading on Thursday, reaching $6.27. The company’s stock had a trading volume of 89,902 shares. The company’s 50-day moving average price is $8.08 and its 200 day moving average price is $9.05. The company’s market capitalization is $222.59 million. StoneMor Partners L.P. has a 12-month low of $5.80 and a 12-month high of $25.58.

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A number of brokerages have weighed in on STON. UBS AG downgraded StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Citigroup Inc. downgraded StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. BidaskClub upgraded StoneMor Partners L.P. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. 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 StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

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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Institutional Ownership by Quarter for StoneMor Partners L.P. (NYSE:STON)

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