StoneMor Partners L.P. Director Unloads $1,006,550 in Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Robert B. Hellman, Jr. unloaded 41,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $24.55, for a total value of $1,006,550.00. Following the completion of the transaction, the director now directly owns 15,911 shares in the company, valued at approximately $390,615. The transaction was disclosed in a filing with the SEC, which is available at 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.
Shares of StoneMor Partners L.P. (NASDAQ:STON) traded up 0.61% on Monday, hitting $24.69. 135,120 shares of the company’s stock traded hands. 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 $24.19 and a 200-day moving average of $24.5. The company’s market cap is $715.1 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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