StoneMor Partners L.P. (STON) Major Shareholder Acquires $56,971.20 in Stock

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StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 18,260 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were acquired at an average price of $3.12 per share, for a total transaction of $56,971.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Axar Capital Management L.P. also recently made the following trade(s):

  • On Monday, February 11th, Axar Capital Management L.P. bought 23,655 shares of StoneMor Partners stock. The shares were acquired at an average price of $3.15 per share, for a total transaction of $74,513.25.

Shares of NYSE:STON remained flat at $$3.25 during trading on Monday. The stock had a trading volume of 16,908 shares, compared to its average volume of 49,761. StoneMor Partners L.P. has a 52-week low of $2.00 and a 52-week high of $6.95.

Large investors have recently bought and sold shares of the company. Advisor Group Inc. grew its position in shares of StoneMor Partners by 2,514.9% during the 4th quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock valued at $36,000 after acquiring an additional 16,850 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of StoneMor Partners during the 4th quarter valued at about $51,000. Appleton Partners Inc. MA grew its position 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 valued at $61,000 after acquiring an additional 6,210 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of StoneMor Partners during the 4th quarter valued at about $589,000. Finally, Bank of Montreal Can grew its position in shares of StoneMor Partners by 21.2% during the 3rd quarter. Bank of Montreal Can now owns 800,000 shares of the company’s stock valued at $4,104,000 after acquiring an additional 140,000 shares during the period. Hedge funds and other institutional investors own 48.80% of the company’s stock.

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About StoneMor Partners

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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