StoneMor Partners L.P. (NYSE:STON) CFO Sean P. Mcgrath sold 1,262 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $24.92, for a total transaction of $31,449.04. Following the completion of the transaction, the chief financial officer now directly owns 3,774 shares of the company’s stock, valued at $94,048.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of StoneMor Partners L.P. (NYSE:STON) opened at 25.04 on Friday. The firm’s 50-day moving average is $24.82 and its 200 day moving average is $24.69. StoneMor Partners L.P. has a 12 month low of $22.80 and a 12 month high of $31.15. The company’s market capitalization is $887.39 million.
StoneMor Partners L.P. (NYSE:STON) last released its quarterly earnings results on Friday, August 5th. The company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.18. The business had revenue of $75.55 million for the quarter, compared to analyst estimates of $88.30 million. During the same period in the previous year, the company posted ($0.16) earnings per share. Equities research analysts predict that StoneMor Partners L.P. will post ($0.67) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of StoneMor Partners L.P. by 10.0% in the second quarter. IFP Advisors Inc now owns 5,523 shares of the company’s stock worth $138,000 after buying an additional 502 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of StoneMor Partners L.P. during the second quarter worth about $287,000. Investors Capital Advisory Services boosted its stake in shares of StoneMor Partners L.P. by 0.3% in the second quarter. Investors Capital Advisory Services now owns 12,437 shares of the company’s stock worth $310,000 after buying an additional 35 shares during the period. Advisor Group Inc. acquired a new stake in shares of StoneMor Partners L.P. during the second quarter worth about $340,000. Finally, Bellwether Investment Group LLC acquired a new stake in shares of StoneMor Partners L.P. during the second quarter worth about $416,000.
Separately, Raymond James Financial Inc. raised shares of StoneMor Partners L.P. from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Thursday, August 25th.
About StoneMor Partners L.P.
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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