StoneMor Partners L.P.’s Stock Is Sell After Today’s Bearish Options Activity

 StoneMor Partners L.P.'s Stock Is Sell After Today's Bearish Options Activity

In today’s session StoneMor Partners L.P. (STON) recorded an unusually high (524) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious STON decrease. With 524 contracts traded and 7644 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: STON170120P00022500 closed last at: $10.1 or 2% up. About 2.08 million shares traded hands or 553.02% 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 initiated on Tuesday, July 21 by Wunderlich. The stock of StoneMor Partners L.P. (NYSE:STON) has “Hold” rating given on Friday, October 28 by Wunderlich. The firm earned “Mkt Perform” rating on Friday, October 28 by Raymond James. The stock has “Outperform” rating given by Raymond James 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 2016 Q2. Its down 0.14, from 1.03 in 2016Q1. The ratio is negative, 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.
Barnett & Inc holds 0.38% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 27,289 shares. Baldwin Brothers Ma last reported 0.01% of its portfolio in the stock. M Inc last reported 0.11% of its portfolio in the stock. Hightower Limited Liability last reported 18,424 shares in the company. Wells Fargo And Mn has 0% invested in the company for 177,026 shares. Lakeview Cap Partners Ltd Llc reported 38,912 shares or 0.57% of all its holdings. Pnc Fin Serv Group Inc accumulated 0% or 6,580 shares. Focused Wealth holds 0.04% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 3,569 shares. Janney Montgomery Scott holds 0.01% or 34,649 shares in its portfolio. Advisors Capital Management Limited Liability accumulated 149,188 shares or 0.38% of the stock. Ameriprise Fincl, a Minnesota-based fund reported 11,474 shares. State Bank Of America De has 324,028 shares for 0% of their US portfolio. Security Natl Trust holds 2,000 shares or 0.02% of its portfolio. Moreover, Solaris Asset Management Lc has 0.03% invested in StoneMor Partners L.P. (NYSE:STON) for 1,800 shares. Schnieders Cap Management Limited Liability Com holds 0.26% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 18,360 shares.

Insider Transactions: Since May 31, 2016, the stock had 14 buys, and 1 insider sale for $52,840 net activity. SHANE WILLIAM ROBERT had bought 79 shares worth $1,975. Shares for $4,950 were bought by LAUTMAN MARTIN R on Thursday, September 1. HELLMAN ROBERT B JR bought $9,954 worth of stock. MCGRATH SEAN P also sold $31,449 worth of StoneMor Partners L.P. (NYSE:STON) on Wednesday, September 28.

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The company has a market cap of $338.39 million. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. It currently has negative earnings. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise.

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.

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 Seekingalpha.com with their article: “StoneMor’s Placebo Dividend” published on November 01, 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: Reuters.com and their article: “BRIEF-StoneMor Partners LP declares temporary reduction in quarterly cas…” published on October 27, 2016 as well as Fool.com‘s news article titled: “Sales Force Restructuring Haunts StoneMor Partners L.P. This Quarter” with publication date: February 29, 2016.

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