The stock of StoneMor Partners L.P. (NYSE:STON) is a huge mover today! About 4.11M shares traded hands or 4475.00% up from the average. StoneMor Partners L.P. (NYSE:STON) has risen 4.20% since March 28, 2016 and is uptrending. It has underperformed by 0.51% the S&P500.
The move comes after 7 months negative chart setup for the $480.93 million company. It was reported on Oct, 28 by Barchart.com. We have $12.33 PT which if reached, will make NYSE:STON worth $52.90M less.
Analysts await StoneMor Partners L.P. (NYSE:STON) to report earnings on November, 14. They expect $-0.06 EPS, 0.00% or $0.00 from last year’s $-0.06 per share. After $-0.26 actual EPS reported by StoneMor Partners L.P. for the previous quarter, Wall Street now forecasts -76.92% EPS growth.
StoneMor Partners L.P. (NYSE:STON) Ratings Coverage
Out of 2 analysts covering StoneMor Partners L.P (NYSE:STON), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. StoneMor Partners L.P has been the topic of 2 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Raymond James on Tuesday, August 25. The rating was initiated by Wunderlich on Tuesday, July 21 with “Buy”.
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 decreased to 0.89 in 2016 Q2. Its down 0.14, from 1.03 in 2016Q1. The ratio dropped, 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.
Welch And Forbes Lc has 0.01% invested in the company for 8,650 shares. Smith Moore & accumulated 0.1% or 9,900 shares. Wells Fargo & Co Mn owns 177,026 shares or 0% of their US portfolio. The California-based Schnieders Capital Mngmt Limited Liability Corp has invested 0.26% in StoneMor Partners L.P. (NYSE:STON). Moreover, Winslow Evans Crocker Inc has 0% invested in StoneMor Partners L.P. (NYSE:STON) for 11,236 shares. Advisors Management Limited Liability Corporation has invested 0.38% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Barnett Inc last reported 0.38% of its portfolio in the stock. Walnut Private Equity Limited Liability Corporation, a Nebraska-based fund reported 326,678 shares. Pnc Services Group accumulated 0% or 6,580 shares. Cwm Ltd Liability Company has invested 0% of its portfolio in StoneMor Partners L.P. (NYSE:STON). The New York-based Jpmorgan Chase And has invested 0% in StoneMor Partners L.P. (NYSE:STON). The New York-based Global X Mngmt Limited Liability has invested 0.27% in StoneMor Partners L.P. (NYSE:STON). Fernwood Invest Lc has invested 2.59% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Raymond James Assocs reported 164,349 shares or 0.01% of all its holdings. Texas Yale Cap reported 45,967 shares or 0.11% of all its holdings.
Insider Transactions: Since May 2, 2016, the stock had 16 insider buys, and 1 sale for $67,736 net activity. LAUTMAN MARTIN R bought $4,976 worth of stock or 197 shares. SHANE WILLIAM ROBERT bought $6,890 worth of stock. Shares for $9,954 were bought by HELLMAN ROBERT B JR on Friday, July 1. MCGRATH SEAN P had sold 1,262 shares worth $31,449.
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 Reuters.com with their article: “BRIEF-StoneMor Partners LP declares temporary reduction in quarterly cas…” published on October 27, 2016, Fool.com published: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” on May 09, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Globenewswire.com and their article: “StoneMor Partners L.P. Names Dina S. Kelly National Vice-President of Sales” published on October 17, 2016 as well as Fool.com‘s news article titled: “Slow Salesforce Ramp Weighs on StoneMor Partners LP’s Q2 Results” with publication date: August 05, 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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