Advisor Group Inc. boosted its position in StoneMor Partners L.P. (NYSE:STON) by 2,514.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,520 shares of the company’s stock after purchasing an additional 16,850 shares during the period. Advisor Group Inc.’s holdings in StoneMor Partners were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. acquired a new position in shares of StoneMor Partners during the 4th quarter worth $589,000. Axar Capital Management L.P. raised its holdings in shares of StoneMor Partners by 7.4% during the 4th quarter. Axar Capital Management L.P. now owns 7,384,970 shares of the company’s stock worth $15,508,000 after buying an additional 505,637 shares in the last quarter. Wedbush Securities Inc. acquired a new position in shares of StoneMor Partners during the 4th quarter worth $51,000. Appleton Partners Inc. MA raised its holdings in shares of StoneMor Partners by 27.0% during the 4th 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 in the last quarter. Finally, Morgan Stanley raised its holdings in shares of StoneMor Partners by 5.5% during the 3rd quarter. Morgan Stanley now owns 3,604,009 shares of the company’s stock worth $18,489,000 after buying an additional 188,965 shares in the last quarter. 52.87% of the stock is owned by institutional investors and hedge funds.
In other StoneMor Partners news, major shareholder Axar Capital Management L.P. purchased 9,378 shares of the stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $3,746.00 per share, with a total value of $35,129,988.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 342,688 shares of company stock valued at $36,324,632 in the last three months. 9.80% of the stock is owned by insiders.
StoneMor Partners stock opened at $4.00 on Friday. The company has a debt-to-equity ratio of 23.34, a current ratio of 1.59 and a quick ratio of 1.59. StoneMor Partners L.P. has a 52 week low of $2.00 and a 52 week high of $6.24.
StoneMor Partners (NYSE:STON) last posted its quarterly earnings results on Tuesday, February 12th. The company reported ($0.44) EPS for the quarter. StoneMor Partners had a negative return on equity of 290.80% and a negative net margin of 18.86%. The business had revenue of $81.57 million for the quarter.
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StoneMor Partners 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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