StoneMor Partners L.P. Director Buys $24,140 in Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Fenton R. Talbott acquired 1,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $24.14 per share, for a total transaction of $24,140.00. Following the completion of the transaction, the director now directly owns 41,535 shares in the company, valued at approximately $1,002,655. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
StoneMor Partners L.P. (NASDAQ:STON) traded down 1.26% on Friday, hitting $24.2792. The stock had a trading volume of 83,726 shares. StoneMor Partners L.P. has a one year low of $21.75 and a one year high of $26.69. The stock’s 50-day moving average is $24.16 and its 200-day moving average is $24.56. The company’s market cap is $575.7 million.
Separately, analysts at Zacks downgraded shares of StoneMor Partners L.P. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $28.20 price target on the stock.
StoneMor Partners L.P. owns and operates cemeteries in the United States. As of December 31, 2009, the Company operated 235 cemeteries in 24 states and Puerto Rico.
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