StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. purchased 23,655 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was bought at an average cost of $3.15 per share, with a total value of $74,513.25. The purchase 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 shares are required to disclose their transactions with the SEC.
Axar Capital Management L.P. also recently made the following trade(s):
- On Thursday, February 7th, Axar Capital Management L.P. purchased 18,260 shares of StoneMor Partners stock. The stock was bought at an average cost of $3.12 per share, with a total value of $56,971.20.
NYSE:STON opened at $3.25 on Tuesday. StoneMor Partners L.P. has a one year low of $2.00 and a one year high of $6.95.
Several large investors have recently bought and sold shares of the stock. Appleton Partners Inc. MA increased its holdings in shares of StoneMor Partners by 27.0% in the fourth quarter. Appleton Partners Inc. MA now owns 29,245 shares of the company’s stock valued at $61,000 after purchasing an additional 6,210 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of StoneMor Partners by 2,514.9% in the fourth quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock valued at $36,000 after purchasing an additional 16,850 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of StoneMor Partners in the fourth quarter valued at approximately $51,000. Bank of Montreal Can increased its holdings in shares of StoneMor Partners by 21.2% in the third quarter. Bank of Montreal Can now owns 800,000 shares of the company’s stock valued at $4,104,000 after purchasing an additional 140,000 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of StoneMor Partners by 5.5% in the third quarter. Morgan Stanley now owns 3,604,009 shares of the company’s stock valued at $18,489,000 after purchasing an additional 188,965 shares during the last quarter. 48.80% of the stock is owned by hedge funds and other institutional investors.
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StoneMor Partners Company Profile
StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services 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 others.
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