Walnut Private Equity Partners LLC reduced its position in StoneMor Partners L.P. (NYSE:STON) by 12.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 275,000 shares of the company’s stock after selling 38,500 shares during the period. StoneMor Partners accounts for approximately 0.5% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 16th largest holding. Walnut Private Equity Partners LLC owned approximately 0.72% of StoneMor Partners worth $578,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in STON. Verition Fund Management LLC raised its stake in StoneMor Partners by 144.5% in the 2nd quarter. Verition Fund Management LLC now owns 660,000 shares of the company’s stock valued at $3,980,000 after acquiring an additional 390,115 shares during the period. Axar Capital Management L.P. raised its stake in StoneMor Partners by 3.4% in the 3rd quarter. Axar Capital Management L.P. now owns 6,879,333 shares of the company’s stock valued at $35,291,000 after acquiring an additional 228,720 shares during the period. Morgan Stanley grew its holdings in StoneMor Partners by 5.5% during the 3rd quarter. Morgan Stanley now owns 3,604,009 shares of the company’s stock valued at $18,489,000 after buying an additional 188,965 shares in the last quarter. Bank of Montreal Can grew its holdings in StoneMor Partners by 21.2% during the 3rd quarter. Bank of Montreal Can now owns 800,000 shares of the company’s stock valued at $4,104,000 after buying an additional 140,000 shares in the last quarter. Finally, Fondren Management LP purchased a new position in StoneMor Partners during the 2nd quarter valued at about $788,000. Institutional investors and hedge funds own 48.88% of the company’s stock.
Separately, Zacks Investment Research raised StoneMor Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 19th.
Shares of NYSE STON traded up $0.09 during midday trading on Friday, hitting $2.55. 239 shares of the company’s stock were exchanged, compared to its average volume of 114,354. StoneMor Partners L.P. has a 12-month low of $2.00 and a 12-month high of $6.95.
StoneMor Partners (NYSE:STON) last issued its quarterly earnings data on Thursday, November 1st. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.04). The firm had revenue of $77.95 million during the quarter.
In other news, major shareholder Axar Capital Management L.P. bought 20,000 shares of the business’s stock in a transaction on Wednesday, October 17th. The stock was acquired at an average price of $4.97 per share, with a total value of $99,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders acquired 340,803 shares of company stock valued at $1,834,028. 9.80% of the stock is owned by insiders.
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StoneMor Partners Profile
StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as others.
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