StoneMor Partners L.P. (STON) Major Shareholder Acquires $307,200.00 in Stock

StoneMor Partners L.P. (NYSE:STON) major shareholder Value Equity Holdings Oaktree acquired 60,000 shares of StoneMor Partners stock in a transaction on Friday, February 9th. The shares were bought at an average price of $5.12 per share, for a total transaction of $307,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

StoneMor Partners L.P. (NYSE STON) traded up $0.39 during trading on Tuesday, hitting $5.84. 146,886 shares of the stock were exchanged, compared to its average volume of 272,318. The company has a debt-to-equity ratio of 2.24, a quick ratio of 2.23 and a current ratio of 2.23. StoneMor Partners L.P. has a one year low of $4.61 and a one year high of $11.45. The company has a market cap of $221.67, a P/E ratio of -6.87 and a beta of 0.33.

StoneMor Partners (NYSE:STON) last posted its quarterly earnings results on Friday, January 26th. The company reported ($0.25) earnings per share (EPS) for the quarter. StoneMor Partners had a negative return on equity of 22.16% and a negative net margin of 10.42%. The business had revenue of $84.03 million during the quarter. During the same quarter in the prior year, the firm posted ($0.28) EPS. equities analysts expect that StoneMor Partners L.P. will post -0.89 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Arrow Investment Advisors LLC lifted its position in shares of StoneMor Partners by 42.9% in the 4th quarter. Arrow Investment Advisors LLC now owns 114,194 shares of the company’s stock worth $749,000 after buying an additional 34,300 shares during the last quarter. Virtu Financial LLC bought a new position in shares of StoneMor Partners in the 4th quarter worth about $131,000. Benchmark Capital Advisors bought a new position in shares of StoneMor Partners in the 4th quarter worth about $115,000. Chessman Wealth Strategies RIA bought a new position in shares of StoneMor Partners in the 4th quarter worth about $118,000. Finally, First Republic Investment Management Inc. bought a new position in shares of StoneMor Partners in the 3rd quarter worth about $600,000. Institutional investors own 29.13% of the company’s stock.

A number of research firms have recently issued reports on STON. B. Riley reduced their price target on shares of StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 30th. BidaskClub upgraded shares of StoneMor Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.00.

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StoneMor Partners 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.

Insider Buying and Selling by Quarter for StoneMor Partners (NYSE:STON)

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