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

StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock in a transaction dated Thursday, February 7th. The stock was acquired at an average cost of $3.12 per share, with a total value of $56,971.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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

Shares of StoneMor Partners stock remained flat at $$3.25 on Monday. 16,908 shares of the stock were exchanged, compared to its average volume of 49,761. StoneMor Partners L.P. has a twelve month low of $2.00 and a twelve month high of $6.95.

Hedge funds have recently added to or reduced their stakes in the company. Axar Capital Management L.P. grew its position in shares of StoneMor Partners by 3.4% in the third quarter. Axar Capital Management L.P. now owns 6,879,333 shares of the company’s stock valued at $35,291,000 after purchasing an additional 228,720 shares during the last quarter. Appleton Partners Inc. MA lifted its stake in shares of StoneMor Partners by 27.0% during the fourth quarter. Appleton Partners Inc. MA now owns 29,245 shares of the company’s stock valued at $61,000 after buying an additional 6,210 shares during the period. Bank of Montreal Can lifted its stake in shares of StoneMor Partners by 21.2% during the third quarter. Bank of Montreal Can now owns 800,000 shares of the company’s stock valued at $4,104,000 after buying an additional 140,000 shares during the period. Morgan Stanley lifted its stake in shares of StoneMor Partners by 5.5% during the third quarter. Morgan Stanley now owns 3,604,009 shares of the company’s stock valued at $18,489,000 after buying an additional 188,965 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of StoneMor Partners by 2,514.9% during the fourth quarter. Advisor Group Inc. now owns 17,520 shares of the company’s stock valued at $36,000 after buying an additional 16,850 shares during the period. Institutional investors and hedge funds 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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