Bank of Montreal Can purchased a new stake in StoneMor Partners L.P. (NYSE:STON) during the second quarter, Holdings Channel reports. The fund purchased 184,300 shares of the company’s stock, valued at approximately $1,742,000.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in 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 valued at $254,000 after buying an additional 8,815 shares in the last quarter. Staley Capital Advisers Inc. purchased a new position in StoneMor Partners L.P. during the first quarter valued at $198,000. Ameriprise Financial Inc. purchased a new position in StoneMor Partners L.P. during the first quarter valued at $126,000. Conservest Capital Advisors Inc. purchased a new position in StoneMor Partners L.P. during the first quarter valued at $1,077,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in StoneMor Partners L.P. by 12.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 128,461 shares of the company’s stock valued at $1,019,000 after buying an additional 13,754 shares in the last quarter. 25.59% of the stock is currently owned by hedge funds and other institutional investors.

StoneMor Partners L.P. (STON) traded down 3.16% on Tuesday, hitting $6.13. 104,299 shares of the stock traded hands. The firm’s market capitalization is $217.62 million. The stock has a 50 day moving average of $7.83 and a 200 day moving average of $8.94. StoneMor Partners L.P. has a 52 week low of $5.80 and a 52 week high of $25.58.

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Several research firms have recently weighed in on STON. BidaskClub lowered shares of StoneMor Partners L.P. from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. FBR & Co restated a “marketperform” rating on shares of StoneMor Partners L.P. in a research note on Tuesday, July 11th. Citigroup Inc. lowered shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. UBS AG lowered shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, Raymond James Financial, Inc. lowered shares of StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating, The company presently has an average 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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