The stock of StoneMor Partners L.P. (NYSE:STON) hit a new 52-week low and has $8.89 target or 11.00% below today’s $9.99 share price. The 7 months bearish chart indicates high risk for the $333.05M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $8.89 price target is reached, the company will be worth $36.64M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 19.31% or $2.39 on November 2, hitting $9.99. About 2.84 million shares traded hands or 791.63% up from the average. StoneMor Partners L.P. (NYSE:STON) has declined 49.26% since March 31, 2016 and is downtrending. It has underperformed by 51.79% the S&P500.
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), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. StoneMor Partners L.P has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, October 28 by Raymond James. Wunderlich downgraded StoneMor Partners L.P. (NYSE:STON) on Friday, October 28 to “Hold” rating. Wunderlich initiated it with “Buy” rating and $33 target price in Tuesday, July 21 report. The firm has “Outperform” rating by Raymond James given on Tuesday, August 25.
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 Q2 2016. Its down 0.14, from 1.03 in 2016Q1. The ratio fall, 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.
Vantage Investment Lc holds 0% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 75 shares. Department Mb Financial Bank N A holds 300 shares or 0% of its portfolio. Glob X Mngmt Ltd Llc owns 214,353 shares or 0.27% of their US portfolio. Weybosset & Mgmt Ltd Liability Com accumulated 229,513 shares or 4.38% of the stock. Wells Fargo And Company Mn owns 177,026 shares or 0% of their US portfolio. Sigma Planning Corp reported 11,505 shares or 0.04% of all its holdings. Jpmorgan Chase Company last reported 0% of its portfolio in the stock. Fernwood Mgmt Llc holds 2.59% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 105,345 shares. Nicholas Communications Wi has invested 0.16% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Cordasco Fincl Net owns 780 shares or 0.02% of their US portfolio. Cambridge Invest Research Advisors last reported 102,310 shares in the company. Lpl Financial Ltd Liability last reported 68,144 shares in the company. Royal Fincl Bank Of Canada holds 38,213 shares or 0% of its portfolio. Solaris Asset Mgmt Limited Liability has 1,800 shares for 0.03% of their US portfolio. Drexel Morgan And Communication holds 8,500 shares or 0.24% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 14 insider purchases, and 1 insider sale for $52,840 net activity. $9,933 worth of shares were bought by HELLMAN ROBERT B JR on Wednesday, June 1. SHANE WILLIAM ROBERT had bought 197 shares worth $4,949 on Monday, October 3. The insider LAUTMAN MARTIN R bought 200 shares worth $4,950. MCGRATH SEAN P had sold 1,262 shares worth $31,449 on Wednesday, September 28.
More notable recent StoneMor Partners L.P. (NYSE:STON) news were published by: Seekingalpha.com which released: “StoneMor Partners: Another Lesson On Dividend Safety” on November 02, 2016, also Fool.com with their article: “A Deep Distribution Cut Guts StoneMor Partners LP” published on October 28, 2016, Seekingalpha.com published: “StoneMor’s Placebo Dividend” on November 01, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Fool.com and their article: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” published on May 09, 2016 as well as Reuters.com‘s news article titled: “BRIEF-StoneMor Partners LP declares temporary reduction in quarterly cas…” with publication date: October 27, 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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