Stock Worth Watching: What’s Ahead for StoneMor Partners L.P. After Making All-Time Low?

Stock Worth Watching: What's Ahead for StoneMor Partners L.P. After Making All Time Low?

The stock of StoneMor Partners L.P. (NYSE:STON) reached all time low today, Nov, 7 and still has $7.16 target or 14.00% below today’s $8.33 share price. This indicates more downside for the $277.71 million company. This technical setup was reported by Barchart.com. If the $7.16 PT is reached, the company will be worth $38.88M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.09 million shares traded hands or 127.37% 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. The company was downgraded on Friday, October 28 by Wunderlich. The firm has “Mkt Perform” rating by Raymond James given on Friday, October 28. The firm earned “Outperform” rating on Tuesday, August 25 by Raymond James. The firm has “Buy” rating by Wunderlich given on Tuesday, July 21.

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.
Retail Bank Of Montreal Can accumulated 1,200 shares or 0% of the stock. The Pennsylvania-based Pnc Finance Services Gp has invested 0% in StoneMor Partners L.P. (NYSE:STON). Moreover, Comml Bank Of America De has 0% invested in StoneMor Partners L.P. (NYSE:STON) for 324,028 shares. Smith Moore & holds 9,900 shares or 0.1% of its portfolio. Moreover, Arrow Invest Advsrs Ltd has 0.15% invested in StoneMor Partners L.P. (NYSE:STON) for 28,434 shares. Vsr Fincl accumulated 11,548 shares or 0.05% of the stock. Allsquare Wealth Mgmt Limited Liability Company has invested 0.02% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Moreover, Schnieders Cap Mgmt Limited Liability Corporation has 0.26% invested in StoneMor Partners L.P. (NYSE:STON) for 18,360 shares. Guggenheim Lc accumulated 0% or 43,452 shares. Morgan Stanley last reported 511,973 shares in the company. Baldwin Brothers Incorporated Ma has 0.01% invested in the company for 2,000 shares. Security Tru Co has invested 0.02% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Barnett & Com has invested 0.38% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Mckinley Limited Liability Com Delaware has 27,044 shares for 0.03% of their US portfolio. Vantage Invest Advsr Limited Liability Corporation holds 0% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 75 shares.

Insider Transactions: Since May 31, 2016, the stock had 16 insider purchases, and 1 sale for $62,695 net activity. 1,262 StoneMor Partners L.P. (NYSE:STON) shares with value of $31,449 were sold by MCGRATH SEAN P. $4,949 worth of StoneMor Partners L.P. (NYSE:STON) was bought by LAUTMAN MARTIN R. 392 shares with value of $4,906 were bought by SHANE WILLIAM ROBERT on Tuesday, November 1. Shares for $9,956 were bought by HELLMAN ROBERT B JR.

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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