Short Interest: What’s Stonemor Partners LP (NYSE:STON) Upside After This Short Interest Decrease?

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest: What's Stonemor Partners LP (NYSE:STON) Upside After This Short Interest Decrease?

The stock of Stonemor Partners LP (NYSE:STON) registered a decrease of 10.91% in short interest. STON’s total short interest was 582,100 shares in November as published by FINRA. Its down 10.91% from 653,400 shares, reported previously. With 123,400 shares average volume, it will take short sellers 5 days to cover their STON’s short positions. The short interest to Stonemor Partners LP’s float is 1.78%. About 527,178 shares traded hands. StoneMor Partners L.P. (NYSE:STON) has declined 59.15% since April 14, 2016 and is downtrending. It has underperformed by 63.83% the S&P500.

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The company has a market cap of $323.91 million. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. It currently has negative earnings. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.14, from 1.03 in 2016Q1. The ratio fall, as 12 funds sold all StoneMor Partners L.P. shares owned while 26 reduced positions. 7 funds bought stakes while 27 increased positions. They now own 4.42 million shares or 9.85% less from 4.91 million shares in 2016Q1.
Us Financial Bank De, a Minnesota-based fund reported 1,783 shares. Wfg Advsr Limited Partnership has 0.01% invested in the company for 1,657 shares. Allsquare Wealth Lc, a New York-based fund reported 1,000 shares. Deutsche Bank Ag accumulated 0% or 230,513 shares. Creative Planning holds 29,591 shares or 0.01% of its portfolio. Winslow Evans & Crocker accumulated 0% or 11,236 shares. Pnc Ser Grp holds 6,580 shares or 0% of its portfolio. Barnett & last reported 27,289 shares in the company. Patten Grp Inc holds 0% or 300 shares in its portfolio. Invsts Cap Advisory Svcs has 0.06% invested in the company for 12,437 shares. Highlander Cap Mngmt last reported 0.07% of its portfolio in the stock. Hightower Advsrs Llc owns 18,424 shares or 0.01% of their US portfolio. Cwm Limited Company has 500 shares for 0% of their US portfolio. Vantage Ltd Llc holds 0% or 75 shares in its portfolio. Brandywine Mgmt Ltd Limited Liability Company accumulated 0.03% or 196,000 shares.

Insider Transactions: Since May 31, 2016, the stock had 16 buys, and 1 sale for $62,695 net activity. HELLMAN ROBERT B JR also bought $9,956 worth of StoneMor Partners L.P. (NYSE:STON) on Monday, August 1. Shares for $9,944 were bought by LAUTMAN MARTIN R on Tuesday, May 31. The insider SHANE WILLIAM ROBERT bought $6,890. $31,449 worth of shares were sold by MCGRATH SEAN P on Wednesday, September 28.

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

Out of 2 analysts covering StoneMor Partners L.P (NYSE:STON), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. StoneMor Partners L.P has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Wunderlich given on Wednesday, November 9. The stock of StoneMor Partners L.P. (NYSE:STON) earned “Outperform” rating by Raymond James on Thursday, November 10. The firm has “Mkt Perform” rating by Raymond James given on Friday, October 28. The firm has “Hold” rating given on Friday, October 28 by Wunderlich. The stock has “Outperform” rating given by Raymond James on Tuesday, August 25. The stock of StoneMor Partners L.P. (NYSE:STON) earned “Buy” rating by Wunderlich on Tuesday, July 21.

STON Company Profile

StoneMor Partners L.P., incorporated on April 2, 2004, is an owner and operator of cemeteries and funeral homes. The Firm operates through two divisions: Cemetery Operations and Funeral Homes. The Company’s Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. The Company’s Funeral Homes segment offers a range of funeral-related services. The Firm sells cemetery services and products both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. The Firm operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico.

More notable recent StoneMor Partners L.P. (NYSE:STON) news were published by: Fool.com which released: “A Deep Distribution Cut Guts StoneMor Partners LP” on October 28, 2016, also Finance.Yahoo.com with their article: “StoneMor Partners L.P. Issues Update on Sales Team Development” published on November 14, 2016, Fool.com published: “Winter Storm Slows StoneMor Partners L.P.’s Sales This Quarter” on May 09, 2016. More interesting news about StoneMor Partners L.P. (NYSE:STON) were released by: Globenewswire.com and their article: “StoneMor Partners L.P. Announces Agreement to Effectively Acquire Up to 16 …” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “StoneMor Partners L.P. Announces Intention to Restate Certain Financial Statements” with publication date: September 02, 2016.

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By Hazel Jackson


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