The stock of StoneMor Partners L.P. (NYSE:STON) hit a new 52-week low and has $7.46 target or 10.00% below today’s $8.29 share price. The 8 months bearish chart indicates high risk for the $276.38M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $7.46 price target is reached, the company will be worth $27.64 million 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. About 1.01 million shares traded hands or 110.68% up from the average. StoneMor Partners L.P. (NYSE:STON) has declined 62.82% since April 5, 2016 and is downtrending. It has underperformed by 64.77% 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. Wunderlich downgraded StoneMor Partners L.P. (NYSE:STON) on Friday, October 28 to “Hold” rating. The firm earned “Mkt Perform” rating on Friday, October 28 by Raymond James. The company was initiated on Tuesday, July 21 by Wunderlich. Raymond James upgraded the stock to “Outperform” rating in Tuesday, August 25 report.
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 worsened, 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.
Ameriprise Fincl has 11,474 shares for 0% of their US portfolio. Schnieders Mgmt Ltd last reported 18,360 shares in the company. Security Natl Tru Com holds 2,000 shares or 0.02% of its portfolio. The Massachusetts-based Invsts Advisory Services has invested 0.06% in StoneMor Partners L.P. (NYSE:STON). Global X Mngmt Limited Liability reported 214,353 shares or 0.27% of all its holdings. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Raymond James & Associate accumulated 164,349 shares or 0.01% of the stock. Walnut Private Equity Ltd Company, a Nebraska-based fund reported 326,678 shares. The North Carolina-based Financial Bank Of America Corporation De has invested 0% in StoneMor Partners L.P. (NYSE:STON). Raymond James Financial Serv Advsrs accumulated 0.04% or 159,184 shares. Vsr Fincl Svcs Inc accumulated 0.05% or 11,548 shares. Smith Moore And holds 0.1% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 9,900 shares. Fernwood Investment Limited Liability Company owns 105,345 shares or 2.59% of their US portfolio. The Massachusetts-based Welch And Forbes Lc has invested 0.01% in StoneMor Partners L.P. (NYSE:STON). Regent Management Lc reported 52,840 shares or 0.72% of all its holdings.
Insider Transactions: Since May 31, 2016, the stock had 16 insider buys, and 1 sale for $62,695 net activity. On Monday, August 1 the insider LAUTMAN MARTIN R bought $4,948. SHANE WILLIAM ROBERT bought $4,949 worth of stock. 374 shares were bought by HELLMAN ROBERT B JR, worth $9,956 on Monday, August 1. The insider MCGRATH SEAN P sold $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 Seekingalpha.com with their article: “StoneMor Partners: Another Lesson On Dividend Safety” published on November 02, 2016, Fool.com published: “Sales Force Restructuring Haunts StoneMor Partners L.P. This Quarter” on February 29, 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: “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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