Price Action to Note: StoneMor Partners L.P.’s Stock Is Buy After Today’s Significant Increase

Price Action to Note: StoneMor Partners L.P.'s Stock Is Buy After Today's Significant Increase

The stock of StoneMor Partners L.P. (NYSE:STON) is a huge mover today! About 668,045 shares traded hands or 26.98% 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.
The move comes after 5 months positive chart setup for the $286.35 million company. It was reported on Nov, 8 by Barchart.com. We have $13.01 PT which if reached, will make NYSE:STON worth $134.58 million more.

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 stock of StoneMor Partners L.P. (NYSE:STON) has “Hold” rating given on Friday, October 28 by Wunderlich. Raymond James upgraded the stock to “Outperform” rating in Tuesday, August 25 report. The company was downgraded on Friday, October 28 by Raymond James. 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 Q2 2016. Its down 0.14, from 1.03 in 2016Q1. The ratio turned 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.
M Securities last reported 0.11% of its portfolio in the stock. Deutsche Retail Bank Ag last reported 230,513 shares in the company. Moreover, Retail Bank Of Montreal Can has 0% invested in StoneMor Partners L.P. (NYSE:STON) for 1,200 shares. Arrow Inv Advsrs Limited Co last reported 0.15% of its portfolio in the stock. Sigma Planning Corp accumulated 11,505 shares or 0.04% of the stock. Citigroup accumulated 0% or 5,656 shares. Winslow Evans Crocker last reported 11,236 shares in the company. Lpl Finance Lc last reported 0.01% of its portfolio in the stock. Janney Montgomery Scott Ltd Liability holds 0.01% of its portfolio in StoneMor Partners L.P. (NYSE:STON) for 34,649 shares. Allsquare Wealth Limited Liability owns 1,000 shares or 0.02% of their US portfolio. Lakeview Capital Partners Limited Liability Company has invested 0.57% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Raymond James Financial Advisors has invested 0.04% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Nelson Van Denburg And Campbell Wealth Ltd Llc has 0.02% invested in the company for 2,070 shares. Texas Yale Cap Corp accumulated 45,967 shares or 0.11% of the stock. Jpmorgan Chase & last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 16 insider buys, and 1 insider sale for $62,695 net activity. 278 shares were bought by SHANE WILLIAM ROBERT, worth $6,890 on Wednesday, August 31. LAUTMAN MARTIN R also bought $9,944 worth of StoneMor Partners L.P. (NYSE:STON) shares. HELLMAN ROBERT B JR also bought $9,956 worth of StoneMor Partners L.P. (NYSE:STON) shares. $31,449 worth of StoneMor Partners L.P. (NYSE:STON) was sold by MCGRATH SEAN P.

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 Downgraded To Junk Bond Status” published on November 08, 2016, Seekingalpha.com published: “StoneMor Partners: Another Lesson On Dividend Safety” on November 02, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Fool.com and their article: “Sales Force Restructuring Haunts StoneMor Partners L.P. This Quarter” published on February 29, 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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