Crescent Grove Advisors LLC purchased a new position in shares of StoneMor Partners L.P. (NYSE:STON) during the second quarter, Holdings Channel reports. The firm purchased 14,658 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors have also recently made changes to their positions in the company. Beach Investment Management LLC. purchased a new position in shares of StoneMor Partners L.P. during the second quarter worth approximately $457,000. Parkwood LLC purchased a new position in shares of StoneMor Partners L.P. during the second quarter worth approximately $2,032,000. Malaga Cove Capital LLC purchased a new position in shares of StoneMor Partners L.P. during the second quarter worth approximately $592,000. Creative Planning raised its position in shares of StoneMor Partners L.P. by 19.8% in the second quarter. Creative Planning now owns 26,258 shares of the company’s stock worth $248,000 after buying an additional 4,333 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of StoneMor Partners L.P. during the second quarter worth approximately $1,742,000. 25.57% of the stock is owned by institutional investors.

Shares of StoneMor Partners L.P. (STON) opened at 6.30 on Friday. StoneMor Partners L.P. has a 1-year low of $5.80 and a 1-year high of $25.58. The company’s market capitalization is $223.65 million. The stock has a 50 day moving average price of $7.91 and a 200 day moving average price of $9.00.

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A number of brokerages recently commented on STON. Raymond James Financial, Inc. lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Citigroup Inc. lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. UBS AG lowered StoneMor Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub lowered StoneMor Partners L.P. from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, FBR & Co reissued a “marketperform” rating on shares of StoneMor Partners L.P. in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target 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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