StoneMor Partners L.P. (NYSE:STON) major shareholder Value Equity Fund Gp L. Oaktree acquired 100,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $5.40 per share, for a total transaction of $540,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of StoneMor Partners L.P. (NYSE:STON) traded up $0.39 on Tuesday, hitting $5.84. The company’s stock had a trading volume of 146,886 shares, compared to its average volume of 272,318. The company has a market capitalization of $221.67, a price-to-earnings ratio of -6.87 and a beta of 0.33. 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 52-week low of $4.61 and a 52-week high of $11.45.
StoneMor Partners (NYSE:STON) last issued its earnings results on Friday, January 26th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $84.03 million during the quarter. StoneMor Partners had a negative net margin of 10.42% and a negative return on equity of 22.16%. During the same quarter in the previous year, the firm posted ($0.28) EPS. equities analysts forecast that StoneMor Partners L.P. will post -0.89 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of STON. Benchmark Capital Advisors bought a new stake in shares of StoneMor Partners in the fourth quarter valued at $115,000. Chessman Wealth Strategies RIA bought a new stake in shares of StoneMor Partners in the fourth quarter valued at $118,000. Virtu Financial LLC bought a new stake in shares of StoneMor Partners in the fourth quarter valued at $131,000. The Manufacturers Life Insurance Company raised its stake in shares of StoneMor Partners by 1,652.5% in the second quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock valued at $153,000 after buying an additional 15,319 shares during the period. Finally, Virtu KCG Holdings LLC raised its stake in shares of StoneMor Partners by 5.3% in the second quarter. Virtu KCG Holdings LLC now owns 24,718 shares of the company’s stock valued at $234,000 after buying an additional 1,236 shares during the period. Hedge funds and other institutional investors own 29.13% of the company’s stock.
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About StoneMor Partners
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.
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