Shares of StoneMor Partners L.P. (NYSE:STON) have received an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.00.
Separately, B. Riley decreased their target price on shares of StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th.
In other news, major shareholder Value Equity Fund Gp L. Oaktree purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $5.40 per share, for a total transaction of $540,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Value Equity Holdings Oaktree purchased 60,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $5.12 per share, with a total value of $307,200.00. The disclosure for this purchase can be found here. Insiders have bought a total of 388,233 shares of company stock valued at $2,129,109 in the last 90 days. Insiders own 9.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of StoneMor Partners by 1,652.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock worth $153,000 after buying an additional 15,319 shares during the last quarter. Benchmark Capital Advisors acquired a new stake in shares of StoneMor Partners during the 4th quarter worth approximately $115,000. Chessman Wealth Strategies RIA acquired a new stake in StoneMor Partners in the 4th quarter valued at approximately $118,000. Virtu Financial LLC acquired a new stake in StoneMor Partners in the 4th quarter valued at approximately $131,000. Finally, Arrow Investment Advisors LLC increased its holdings in StoneMor Partners by 42.9% in the 4th quarter. Arrow Investment Advisors LLC now owns 114,194 shares of the company’s stock valued at $749,000 after purchasing an additional 34,300 shares during the last quarter. Institutional investors and hedge funds own 33.30% of the company’s stock.
StoneMor Partners (NYSE:STON) traded up $0.06 on Friday, reaching $6.20. 76,483 shares of the company’s stock were exchanged, compared to its average volume of 217,618. 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 has a twelve month low of $4.61 and a twelve month high of $10.34.
StoneMor Partners (NYSE:STON) last released its earnings results on Friday, January 26th. The company reported ($0.25) earnings per share 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 last year, the business earned ($0.28) earnings per share. sell-side analysts forecast that StoneMor Partners will post -0.89 EPS for the current fiscal year.
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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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