StoneMor Partners L.P. (NYSE:STON) major shareholder Mangrove Partners Master Fund, sold 173,319 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $1.23, for a total value of $213,182.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Mangrove Partners Master Fund, also recently made the following trade(s):
- On Wednesday, March 25th, Mangrove Partners Master Fund, sold 176,321 shares of StoneMor Partners stock. The stock was sold at an average price of $1.06, for a total value of $186,900.26.
- On Friday, March 20th, Mangrove Partners Master Fund, sold 50,805 shares of StoneMor Partners stock. The stock was sold at an average price of $1.51, for a total value of $76,715.55.
StoneMor Partners stock opened at $1.03 on Friday. StoneMor Partners L.P. has a 12 month low of $0.90 and a 12 month high of $4.65. The stock’s 50 day simple moving average is $1.09 and its two-hundred day simple moving average is $1.19. The firm has a market cap of $50.31 million, a PE ratio of -0.29 and a beta of 1.08.
An institutional investor recently raised its position in StoneMor Partners stock. UBS Group AG increased its holdings in shares of StoneMor Partners L.P. (NYSE:STON) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,654 shares of the company’s stock after buying an additional 46,102 shares during the period. UBS Group AG owned about 0.41% of StoneMor Partners worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 65.38% of the stock is owned by institutional investors and hedge funds.
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.
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