StoneMor Partners L.P. Director Sells $1,006,550 in Stock (STON)
StoneMor Partners L.P. (NASDAQ:STON) Director Robert B. Hellman, Jr. sold 41,000 shares of the stock on the open market in a transaction that occurred on 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 sale, 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 can be accessed through this link.
Shares of StoneMor Partners L.P. (NASDAQ:STON) traded up 0.16% on Wednesday, hitting $24.8399. 24,806 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’s 50-day moving average is $24.2 and its 200-day moving average is $24.50. The company’s market cap is $719.4 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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