Price Action Don’t Lie: Does StoneMor Partners L.P. Have Any Gas After Today’s Huge Decline?

Price Action Don't Lie: Does StoneMor Partners L.P. Have Any Gas After Today's Huge Decline?

The stock of StoneMor Partners L.P. (NYSE:STON) is a huge mover today! About 485,952 shares traded hands. StoneMor Partners L.P. (NYSE:STON) has declined 59.15% since April 14, 2016 and is downtrending. It has underperformed by 63.83% the S&P500.
The move comes after 6 months negative chart setup for the $324.96 million company. It was reported on Nov, 16 by Barchart.com. We have $8.08 PT which if reached, will make NYSE:STON worth $42.24M less.

StoneMor Partners L.P. (NYSE:STON) Ratings Coverage

Out of 2 analysts covering StoneMor Partners L.P (NYSE:STON), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. StoneMor Partners L.P has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was maintained by Wunderlich. The stock of StoneMor Partners L.P. (NYSE:STON) earned “Hold” rating by Wunderlich on Friday, October 28. Raymond James upgraded StoneMor Partners L.P. (NYSE:STON) on Tuesday, August 25 to “Outperform” rating. As per Tuesday, July 21, the company rating was initiated by Wunderlich. Raymond James upgraded the stock to “Outperform” rating in Thursday, November 10 report. The firm has “Mkt Perform” rating given on Friday, October 28 by Raymond James.

According to Zacks Investment Research, “StoneMor Partners L.P., headquartered in Levittown, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 224 cemeteries and 57 funeral homes in 27 states and Puerto Rico. StoneMor is the only publicly traded deathcare company structured as a partnership. StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.14, from 1.03 in 2016Q1. The ratio dived, as 12 funds sold all StoneMor Partners L.P. shares owned while 26 reduced positions. 7 funds bought stakes while 27 increased positions. They now own 4.42 million shares or 9.85% less from 4.91 million shares in 2016Q1.
Moreover, Welch Forbes Ltd Liability Com has 0.01% invested in StoneMor Partners L.P. (NYSE:STON) for 8,650 shares. Nwq Inv Ltd Company last reported 0.04% of its portfolio in the stock. Moreover, Nelson Van Denburg & Campbell Wealth Mgmt Lc has 0.02% invested in StoneMor Partners L.P. (NYSE:STON) for 2,070 shares. Cetera Advisor Netwr Ltd holds 0.03% or 20,153 shares in its portfolio. Arrow Invest Advisors Lc holds 28,434 shares or 0.15% of its portfolio. Wells Fargo Co Mn has 177,026 shares for 0% of their US portfolio. Cwm Limited Liability Co holds 500 shares or 0% of its portfolio. Raymond James Tru Na accumulated 0.05% or 21,821 shares. Hightower Advsr Limited, a Illinois-based fund reported 18,424 shares. Us National Bank & Trust De accumulated 0% or 1,783 shares. Pnc Financial Services Group Inc accumulated 6,580 shares or 0% of the stock. Baldwin Brothers Inc Ma last reported 2,000 shares in the company. The Pennsylvania-based Vantage Ltd Com has invested 0% in StoneMor Partners L.P. (NYSE:STON). Manufacturers Life Ins The accumulated 2,527 shares or 0% of the stock. Lakeview Prtnrs Limited Liability Company holds 38,912 shares or 0.57% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 16 insider purchases, and 1 sale for $62,695 net activity. HELLMAN ROBERT B JR bought $9,956 worth of StoneMor Partners L.P. (NYSE:STON) on Monday, August 1. $6,890 worth of shares were bought by SHANE WILLIAM ROBERT on Wednesday, August 31. LAUTMAN MARTIN R had bought 421 shares worth $9,944 on Tuesday, May 31. The insider MCGRATH SEAN P sold 1,262 shares worth $31,449.

More notable recent StoneMor Partners L.P. (NYSE:STON) news were published by: Fool.com which released: “A Deep Distribution Cut Guts StoneMor Partners LP” on October 28, 2016, also Finance.Yahoo.com with their article: “StoneMor Partners L.P. Issues Update on Sales Team Development” published on November 14, 2016, Fool.com published: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” on May 09, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Globenewswire.com and their article: “StoneMor Partners L.P. Announces Agreement to Effectively Acquire Up to 16 …” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “StoneMor Partners L.P. Announces Intention to Restate Certain Financial Statements” with publication date: September 02, 2016.

STON Company Profile

StoneMor Partners L.P., incorporated on April 2, 2004, is an owner and operator of cemeteries and funeral homes. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. The Company’s Funeral Homes segment offers a range of funeral-related services. The Firm sells cemetery services and products both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. The Firm operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment