Does StoneMor Partners L.P. (STON) Have Any Gas After Forming This Inverse Head & Shoulders Pattern?

June 16, 2018 - By Ellis Scott

Investors sentiment increased to 0.88 in 2018 Q1. Its up 0.34, from 0.54 in 2017Q4. It improved, as 8 investors sold StoneMor Partners L.P. shares while 9 reduced holdings. 5 funds opened positions while 10 raised stakes. 10.63 million shares or 14.02% more from 9.32 million shares in 2017Q4 were reported.
Benchmark Advsrs owns 25,000 shares or 0.12% of their US portfolio. Saba Mngmt Ltd Partnership has 64,000 shares. Citigroup Incorporated owns 1,711 shares for 0% of their portfolio. Citadel Advisors Limited Com holds 0% or 64,812 shares in its portfolio. New York-based Quinn Opportunity Ptnrs Limited Liability Company has invested 0.01% in StoneMor Partners L.P. (NYSE:STON). Oaktree Mgmt Limited Partnership has 4.34 million shares. Nebraska-based Farmers And Merchants Incorporated has invested 0% in StoneMor Partners L.P. (NYSE:STON). Cetera Advisor Ntwk owns 19,090 shares. Manufacturers Life Insurance The holds 18,324 shares. Susquehanna Interest Gp Ltd Liability Partnership owns 0% invested in StoneMor Partners L.P. (NYSE:STON) for 76,175 shares. Goldman Sachs Grp Inc reported 0% stake. Sei Invests has 1,525 shares for 0% of their portfolio. Wells Fargo Communication Mn reported 9,048 shares stake. California Public Employees Retirement System, a California-based fund reported 14,700 shares. Comml Bank Of Montreal Can owns 454,185 shares for 0% of their portfolio.

Since January 2, 2018, it had 22 insider buys, and 0 insider sales for $6.01 million activity. LAUTMAN MARTIN R had bought 764 shares worth $4,935 on Tuesday, January 2. The insider Oaktree Value Equity Holdings – L.P. bought 104,054 shares worth $544,679.

The stock of StoneMor Partners L.P. (STON) formed H&SI with $6.56 price target or 8.00 % above the current $6.07 share price. The 8 months Head & Shoulders Inverse reveals low risk for the $230.40 million company. This trade was featured by Faxor.com on Jun, 16. If the $6.56 target price is reached, the company’s valuation will be $18.43 million more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock decreased 1.30% or $0.08 during the last trading session, reaching $6.07. About 40,963 shares traded. StoneMor Partners L.P. (NYSE:STON) has declined 34.26% since June 16, 2017 and is downtrending. It has underperformed by 46.83% the S&P500.

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

Among 2 analysts covering Stonemor Partners LP (NYSE:STON), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Stonemor Partners LP had 2 analyst reports since January 30, 2018 according to SRatingsIntel. B. Riley & Co maintained the shares of STON in report on Wednesday, January 31 with “Neutral” rating.

Another recent and important StoneMor Partners L.P. (NYSE:STON) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind StoneMor Partners, Carvana, Children’s Place, Orchids Paper Products …” on May 23, 2018.

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. The company has market cap of $230.40 million. It operates through two divisions, Cemetery Operations and Funeral Home Operations. It currently has negative earnings. The company's cemetery services and products include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as other service items.

StoneMor Partners L.P. (NYSE:STON) Institutional Positions Chart

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