StoneMor Partners L.P. (STON) Major Shareholder Buys $46,931.52 in Stock

StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 12,616 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of $3.72 per share, for a total transaction of $46,931.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 Friday, March 8th, Axar Capital Management L.P. bought 7,221 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.74 per share, for a total transaction of $27,006.54.
  • On Thursday, February 28th, Axar Capital Management L.P. bought 29,467 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.74 per share, for a total transaction of $110,206.58.
  • On Tuesday, February 26th, Axar Capital Management L.P. bought 66,400 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.74 per share, for a total transaction of $248,336.00.
  • On Friday, February 22nd, Axar Capital Management L.P. bought 11,454 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.62 per share, for a total transaction of $41,463.48.
  • On Wednesday, February 20th, Axar Capital Management L.P. bought 54,421 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.46 per share, for a total transaction of $188,296.66.
  • On Wednesday, February 13th, Axar Capital Management L.P. bought 24,900 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.36 per share, for a total transaction of $83,664.00.
  • On Thursday, February 7th, Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.12 per share, for a total transaction of $56,971.20.
  • On Monday, February 11th, Axar Capital Management L.P. bought 23,655 shares of StoneMor Partners stock. The shares were bought at an average cost of $3.15 per share, for a total transaction of $74,513.25.

Shares of STON traded up $0.13 during trading hours on Friday, reaching $3.81. 7,949 shares of the company traded hands, compared to its average volume of 49,216. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 23.34. 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 announced its earnings results on Tuesday, February 12th. The company reported ($0.44) earnings per share for the quarter. The company had revenue of $81.57 million for the quarter. StoneMor Partners had a negative net margin of 18.86% and a negative return on equity of 202.13%.

A number of large investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its holdings in 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 buying an additional 16,850 shares during the last quarter. Wedbush Securities Inc. purchased a new position in StoneMor Partners in the fourth quarter worth about $51,000. Appleton Partners Inc. MA raised its holdings in 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 buying an additional 6,210 shares during the last quarter. Citigroup Inc. raised its holdings in StoneMor Partners by 51.7% in the fourth quarter. Citigroup Inc. now owns 124,549 shares of the company’s stock worth $261,000 after buying an additional 42,449 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new position in StoneMor Partners in the fourth quarter worth about $589,000. 53.30% of the stock is currently owned by institutional investors and hedge funds.

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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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