Fernwood Investment Management LLC cut its holdings in shares of StoneMor Partners L.P. (NYSE:STON) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,268 shares of the company’s stock after selling 19,952 shares during the quarter. Fernwood Investment Management LLC owned about 0.29% of StoneMor Partners worth $706,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KCG Holdings Inc. purchased a new position in StoneMor Partners during the first quarter worth about $186,000. Bank of America Corp DE raised its stake in StoneMor Partners by 0.9% during the first quarter. Bank of America Corp DE now owns 324,685 shares of the company’s stock worth $2,575,000 after purchasing an additional 2,856 shares during the period. Goldman Sachs Group Inc. purchased a new position in StoneMor Partners during the first quarter worth about $225,000. Bank of Montreal Can purchased a new position in StoneMor Partners during the second quarter worth about $1,742,000. Finally, Creative Planning raised its stake in StoneMor Partners by 19.8% during the second quarter. Creative Planning now owns 26,258 shares of the company’s stock worth $248,000 after purchasing an additional 4,333 shares during the period. Hedge funds and other institutional investors own 29.24% of the company’s stock.
Separately, BidaskClub raised shares of StoneMor Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. StoneMor Partners presently has a consensus rating of “Hold”.
Shares of StoneMor Partners L.P. (NYSE STON) traded up $0.15 during mid-day trading on Monday, reaching $7.19. 60,600 shares of the company’s stock were exchanged, compared to its average volume of 280,294. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.78. StoneMor Partners L.P. has a one year low of $5.52 and a one year high of $11.58.
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About StoneMor Partners
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.
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