StoneMor Partners L.P. (STON) Major Shareholder Acquires $74,513.25 in Stock

StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 23,655 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was purchased at an average price of $3.15 per share, with a total value of $74,513.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, February 7th, Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock. The stock was purchased at an average price of $3.12 per share, with a total value of $56,971.20.

Shares of STON remained flat at $$3.25 during midday trading on Monday. 16,908 shares of the company’s stock traded hands, compared to its average volume of 49,761. StoneMor Partners L.P. has a one year low of $2.00 and a one year high of $6.95.



Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of StoneMor Partners by 2,514.9% in the fourth quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock worth $36,000 after purchasing an additional 16,850 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of StoneMor Partners in the fourth quarter worth approximately $589,000. Axar Capital Management L.P. lifted its position in shares of StoneMor Partners by 7.4% in the fourth quarter. Axar Capital Management L.P. now owns 7,384,970 shares of the company’s stock worth $15,508,000 after purchasing an additional 505,637 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of StoneMor Partners in the fourth quarter worth approximately $51,000. Finally, Appleton Partners Inc. MA lifted its position in shares of StoneMor Partners by 27.0% in the fourth quarter. Appleton Partners Inc. MA now owns 29,245 shares of the company’s stock worth $61,000 after purchasing an additional 6,210 shares in the last quarter. 48.80% of the stock is owned by institutional investors and hedge funds.

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StoneMor Partners Company 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.

Further Reading: Return on Equity (ROE)

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

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