StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. purchased 20,000 shares of StoneMor Partners stock in a transaction that occurred on Wednesday, October 17th. The stock was bought at an average cost of $4.97 per share, for a total transaction of $99,400.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Axar Capital Management L.P. also recently made the following trade(s):

  • On Monday, October 15th, Axar Capital Management L.P. purchased 1,600 shares of StoneMor Partners stock. The stock was bought at an average cost of $5.38 per share, for a total transaction of $8,608.00.
  • On Friday, October 12th, Axar Capital Management L.P. purchased 51,225 shares of StoneMor Partners stock. The stock was bought at an average cost of $5.33 per share, for a total transaction of $273,029.25.
  • On Wednesday, October 10th, Axar Capital Management L.P. purchased 27,120 shares of StoneMor Partners stock. The stock was bought at an average cost of $5.19 per share, for a total transaction of $140,752.80.
  • On Monday, October 8th, Axar Capital Management L.P. purchased 8,483 shares of StoneMor Partners stock. The stock was bought at an average cost of $5.19 per share, for a total transaction of $44,026.77.
  • On Friday, October 5th, Axar Capital Management L.P. purchased 19,123 shares of StoneMor Partners stock. The stock was bought at an average cost of $5.18 per share, for a total transaction of $99,057.14.
  • On Friday, September 28th, Axar Capital Management L.P. bought 6,560 shares of StoneMor Partners stock. The shares were acquired at an average price of $4.99 per share, for a total transaction of $32,734.40.
  • On Tuesday, October 2nd, Axar Capital Management L.P. bought 22,560 shares of StoneMor Partners stock. The shares were acquired at an average price of $5.10 per share, for a total transaction of $115,056.00.
  • On Monday, September 17th, Axar Capital Management L.P. bought 6,420 shares of StoneMor Partners stock. The shares were acquired at an average price of $4.34 per share, for a total transaction of $27,862.80.
  • On Friday, September 14th, Axar Capital Management L.P. bought 20,000 shares of StoneMor Partners stock. The shares were acquired at an average price of $4.44 per share, for a total transaction of $88,800.00.
  • On Wednesday, September 12th, Axar Capital Management L.P. bought 10,400 shares of StoneMor Partners stock. The shares were acquired at an average price of $4.44 per share, for a total transaction of $46,176.00.

Shares of NYSE:STON traded up $0.01 during trading on Friday, reaching $5.15. The stock had a trading volume of 2,130 shares, compared to its average volume of 69,340. StoneMor Partners L.P. has a one year low of $3.43 and a one year high of $7.20. The stock has a market capitalization of $182.58 million, a P/E ratio of -2.63 and a beta of -0.30.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of StoneMor Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 19th. B. Riley dropped their target price on shares of StoneMor Partners from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, July 19th.

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of StoneMor Partners by 21.2% in 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. Appleton Partners Inc. MA bought a new stake in shares of StoneMor Partners in the 3rd quarter valued at about $118,000. Fondren Management LP acquired a new stake in StoneMor Partners in the 2nd quarter worth approximately $788,000. WealthPLAN Partners LLC boosted its stake in StoneMor Partners by 15.8% in the 2nd quarter. WealthPLAN Partners LLC now owns 178,770 shares of the company’s stock worth $1,078,000 after purchasing an additional 24,377 shares in the last quarter. Finally, Verition Fund Management LLC boosted 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 worth $3,980,000 after purchasing an additional 390,115 shares in the last quarter. Institutional investors and hedge funds own 47.71% of the company’s stock.

About StoneMor Partners

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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Insider Buying and Selling by Quarter for StoneMor Partners (NYSE:STON)

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