Walnut Private Equity Partners LLC trimmed its stake in shares of StoneMor Partners L.P. (NYSE:STON) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after selling 11,678 shares during the period. StoneMor Partners makes up about 1.7% of Walnut Private Equity Partners LLC’s investment portfolio, making the stock its 13th biggest position. Walnut Private Equity Partners LLC owned approximately 0.79% of StoneMor Partners worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in STON. The Manufacturers Life Insurance Company lifted its position in shares of StoneMor Partners by 1,652.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock worth $153,000 after purchasing an additional 15,319 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in shares of StoneMor Partners by 5.3% during the second quarter. Virtu KCG Holdings LLC now owns 24,718 shares of the company’s stock worth $234,000 after purchasing an additional 1,236 shares in the last quarter. Csenge Advisory Group acquired a new position in shares of StoneMor Partners during the third quarter worth approximately $249,000. MML Investors Services LLC lifted its position in shares of StoneMor Partners by 10.9% during the second quarter. MML Investors Services LLC now owns 27,596 shares of the company’s stock worth $261,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Beach Investment Management LLC. acquired a new position in shares of StoneMor Partners during the second quarter worth approximately $457,000. Institutional investors own 29.35% of the company’s stock.
Separately, BidaskClub upgraded shares of StoneMor Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold”.
StoneMor Partners (NYSE:STON) last announced its earnings results on Tuesday, December 12th. The company reported ($0.30) earnings per share (EPS) for the quarter. StoneMor Partners had a negative return on equity of 21.56% and a negative net margin of 10.64%. The company had revenue of $85.95 million for the quarter. During the same quarter last year, the firm earned ($0.27) EPS. equities research analysts anticipate that StoneMor Partners L.P. will post -1.1 earnings per share for the current year.
About StoneMor Partners
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.
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