StoneMor Partners L.P. (NYSE:STON) major shareholder Axar Capital Management L.P. bought 24,900 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was acquired at an average cost of $3.36 per share, with a total value of $83,664.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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):
Get StoneMor Partners alerts: On Thursday, February 7th, Axar Capital Management L.P. bought 18,260 shares of StoneMor Partners stock. The stock was acquired at an average cost of $3.12 per share, with a total value of $56,971.20. On Monday, February 11th, Axar Capital Management L.P. bought 23,655 shares of StoneMor Partners stock. The stock was acquired at an average cost of $3.15 per share, with a total value of $74,513.25.NYSE:STON opened at $3.46 on Friday. StoneMor Partners L.P. has a 1 year low of $2.00 and a 1 year high of $6.95.
A number of large investors have recently bought and sold shares of STON. Advisor Group Inc. grew its stake in StoneMor Partners by 2,514.9% in the fourth 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 position in StoneMor Partners in the fourth quarter valued at about $51,000. Appleton Partners Inc. MA grew its stake in StoneMor Partners by 27.0% in the fourth 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. Citigroup Inc. grew its stake in StoneMor Partners by 51.7% in the fourth quarter. Citigroup Inc. now owns 124,549 shares of the company’s stock valued at $261,000 after acquiring an additional 42,449 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in StoneMor Partners in the fourth quarter valued at about $589,000. 48.80% of the stock is owned by hedge funds and other institutional investors.
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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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