StoneMor Partners L.P. (STON) Stock Is At 52 Week Low Now

July 16, 2018 - By Victoria Pittman

Investors sentiment increased to 0.88 in 2018 Q1. Its up 0.34, from 0.54 in 2017Q4. It is positive, as 8 investors sold StoneMor Partners L.P. shares while 9 reduced holdings. 5 funds opened positions while 10 raised stakes. 10.63 million shares or 14.02% more from 9.32 million shares in 2017Q4 were reported.
Farmers And Merchants reported 0% in StoneMor Partners L.P. (NYSE:STON). Manufacturers Life Com The reported 18,324 shares or 0% of all its holdings. Fernwood Inv Lc owns 58,768 shares for 0.2% of their portfolio. Citigroup Inc stated it has 1,711 shares. Morgan Stanley stated it has 0.01% of its portfolio in StoneMor Partners L.P. (NYSE:STON). Pinnacle Fin Partners Incorporated holds 500 shares or 0% of its portfolio. The Pennsylvania-based Sei has invested 0% in StoneMor Partners L.P. (NYSE:STON). Lpl Fincl Llc reported 0% stake. Cordasco Net, a Pennsylvania-based fund reported 735 shares. Creative Planning invested in 22,923 shares. Raymond James And Assocs invested in 128,587 shares. Prescott Gp Cap Mgmt Lc invested in 29,400 shares. Virtu Finance Ltd Liability holds 36,989 shares or 0.01% of its portfolio. The United Kingdom-based Gsa Prtnrs Llp has invested 0.02% in StoneMor Partners L.P. (NYSE:STON). Savings Bank Of Montreal Can reported 0% of its portfolio in StoneMor Partners L.P. (NYSE:STON).

Since February 1, 2018, it had 22 buys, and 0 sales for $6.01 million activity. 100,000 shares were bought by OAKTREE CAPITAL MANAGEMENT LP, worth $539,600. 104,054 shares valued at $544,679 were bought by Oaktree Value Equity Holdings – L.P. on Tuesday, February 6.

The stock of StoneMor Partners L.P. (NYSE:STON) hit a new 52-week low and has $4.33 target or 6.00 % below today’s $4.61 share price. The 9 months bearish chart indicates high risk for the $174.99M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $4.33 price target is reached, the company will be worth $10.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.15% or $0.15 during the last trading session, reaching $4.61. About 84,381 shares traded or 20.63% up from the average. StoneMor Partners L.P. (NYSE:STON) has declined 34.26% since July 16, 2017 and is downtrending. It has underperformed by 46.83% the S&P500.

StoneMor Partners L.P. (NYSE:STON) Ratings Coverage

Among 2 analysts covering Stonemor Partners LP (NYSE:STON), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Stonemor Partners LP had 2 analyst reports since January 30, 2018 according to SRatingsIntel. The stock has “Neutral” rating by B. Riley & Co on Wednesday, January 31.

More recent StoneMor Partners L.P. (NYSE:STON) news were published by: Streetinsider.com which released: “Stonemor Partners (STON) Announces Joe Redling as New CEO” on July 01, 2018. Also Globenewswire.com published the news titled: “StoneMor Partners LP Successfully Completes Amendment to Credit Facility” on June 18, 2018. Globenewswire.com‘s news article titled: “StoneMor Appoints Joe Redling Chief Executive Officer” with publication date: June 29, 2018 was also an interesting one.

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. The company has market cap of $174.99 million. It operates through two divisions, Cemetery Operations and Funeral Home Operations. It currently has negative earnings. The company's cemetery services and products 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 other service items.

StoneMor Partners L.P. (NYSE:STON) Institutional Positions Chart

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