Sean P. Mcgrath Sells 1,262 Shares of StoneMor Partners L.P. (STON) Stock
StoneMor Partners L.P. (NYSE:STON) CFO Sean P. Mcgrath sold 1,262 shares of StoneMor Partners L.P. stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $24.92, for a total transaction of $31,449.04. Following the transaction, the chief financial officer now directly owns 3,774 shares of the company’s stock, valued at $94,048.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of StoneMor Partners L.P. (NYSE:STON) opened at 25.04 on Friday. The stock’s 50 day moving average is $24.82 and its 200-day moving average is $24.69. The stock’s market capitalization is $887.39 million. StoneMor Partners L.P. has a 52 week low of $22.80 and a 52 week high of $31.15.
StoneMor Partners L.P. (NYSE:STON) last posted its quarterly earnings results on Friday, August 5th. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.18. The company earned $75.55 million during the quarter, compared to analysts’ expectations of $88.30 million. During the same quarter in the previous year, the business posted ($0.16) EPS. On average, analysts anticipate that StoneMor Partners L.P. will post ($0.67) earnings per share for the current fiscal year.
Separately, Raymond James Financial Inc. raised shares of StoneMor Partners L.P. from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Thursday, August 25th.
Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in StoneMor Partners L.P. by 10.0% in the second quarter. IFP Advisors Inc now owns 5,523 shares of the company’s stock worth $138,000 after buying an additional 502 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in StoneMor Partners L.P. during the second quarter worth approximately $287,000. Investors Capital Advisory Services increased its stake in StoneMor Partners L.P. by 0.3% in the second quarter. Investors Capital Advisory Services now owns 12,437 shares of the company’s stock worth $310,000 after buying an additional 35 shares during the last quarter. Advisor Group Inc. purchased a new stake in StoneMor Partners L.P. during the second quarter worth approximately $340,000. Finally, Bellwether Investment Group LLC purchased a new stake in StoneMor Partners L.P. during the second quarter worth approximately $416,000.
About StoneMor Partners L.P.
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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