StoneMor Partners L.P. Director Acquires $24,140 in Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Fenton R. Talbott bought 1,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $24.14 per share, with a total value of $24,140.00. Following the transaction, the director now directly owns 41,535 shares in the company, valued at approximately $1,002,655. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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. (NASDAQ:STON) opened at 24.54 on Monday. StoneMor Partners L.P. has a 52-week low of $21.75 and a 52-week high of $26.69. The stock has a 50-day moving average of $24.18 and a 200-day moving average of $24.55. The company’s market cap is $710.7 million.
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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