The stock of StoneMor Partners L.P. (NYSE:STON) is a huge mover today! About 165,419 shares traded hands. StoneMor Partners L.P. (NYSE:STON) has declined 57.58% since April 18, 2016 and is downtrending. It has underperformed by 62.01% the S&P500.
The move comes after 7 months positive chart setup for the $361.66 million company. It was reported on Nov, 18 by Barchart.com. We have $26.96 PT which if reached, will make NYSE:STON worth $578.66 million more.
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. The firm earned “Buy” rating on Tuesday, July 21 by Wunderlich. Wunderlich maintained StoneMor Partners L.P. (NYSE:STON) rating on Wednesday, November 9. Wunderlich has “Hold” rating and $11 price target. As per Thursday, November 10, the company rating was upgraded by Raymond James. The firm has “Hold” rating given on Friday, October 28 by Wunderlich. The stock of StoneMor Partners L.P. (NYSE:STON) earned “Mkt Perform” rating by Raymond James on Friday, October 28. Raymond James upgraded the stock to “Outperform” rating in Tuesday, August 25 report.
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 increased to 1.13 in Q2 2016. Its up 0.24, from 0.89 in 2016Q1. The ratio improved, 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.
Wfg Lp has 0.01% invested in the company for 1,657 shares. Morgan Stanley holds 511,973 shares or 0% of its portfolio. Moreover, Oppenheimer has 0.01% invested in StoneMor Partners L.P. (NYSE:STON) for 8,732 shares. Cap Mgmt Ltd Liability Corp, a New Jersey-based fund reported 149,188 shares. Drexel Morgan And Communications holds 0.24% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 8,500 shares. Pnc Fincl Serv Gru owns 6,580 shares or 0% of their US portfolio. Weybosset Research And Ltd accumulated 4.38% or 229,513 shares. Arrow Lc accumulated 0.15% or 28,434 shares. Renaissance Technology holds 0.01% or 195,800 shares in its portfolio. Nelson Van Denburg And Campbell Wealth Mngmt Group Inc Ltd Company holds 0.02% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 2,070 shares. Vantage Investment Advsrs Ltd Liability accumulated 0% or 75 shares. Brandywine Glob Inv Management Limited Co, a Pennsylvania-based fund reported 196,000 shares. Highlander Capital Limited Liability last reported 0.07% of its portfolio in the stock. Mckinley Capital Management Ltd Liability Corp Delaware last reported 0.03% of its portfolio in the stock. Jpmorgan Chase accumulated 0% or 119,182 shares.
Insider Transactions: Since May 31, 2016, the stock had 16 insider purchases, and 1 insider sale for $62,695 net activity. On Monday, October 3 LAUTMAN MARTIN R bought $4,976 worth of the stock or 197 shares. 1,262 shares were sold by MCGRATH SEAN P, worth $31,449 on Wednesday, September 28. $9,956 worth of StoneMor Partners L.P. (NYSE:STON) was bought by HELLMAN ROBERT B JR on Monday, August 1. SHANE WILLIAM ROBERT also bought $4,933 worth of StoneMor Partners L.P. (NYSE:STON) on Wednesday, June 1.
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 Fool.com with their article: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” published on May 09, 2016, Reuters.com published: “BRIEF-StoneMor Partners LP declares temporary reduction in quarterly cas…” on October 27, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Finance.Yahoo.com and their article: “StoneMor Partners L.P. Issues Update on Sales Team Development” published on November 14, 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.
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