StoneMor Partners L.P. (NYSE:STON) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC cut its stake in StoneMor Partners L.P. (NYSE:STON) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,268 shares of the company’s stock after selling 19,952 shares during the quarter. Fernwood Investment Management LLC owned about 0.29% of StoneMor Partners worth $706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crescent Grove Advisors LLC bought a new stake in StoneMor Partners during the second quarter worth about $139,000. The Manufacturers Life Insurance Company lifted its stake in 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 during the last quarter. KCG Holdings Inc. bought a new stake in StoneMor Partners during the first quarter worth about $186,000. Virtu KCG Holdings LLC lifted its stake in 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 during the last quarter. Finally, Creative Planning lifted its stake in StoneMor Partners by 19.8% during the second quarter. Creative Planning now owns 26,258 shares of the company’s stock worth $248,000 after purchasing an additional 4,333 shares during the last quarter. Institutional investors own 29.42% of the company’s stock.

Separately, BidaskClub raised StoneMor Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold”.

StoneMor Partners L.P. (STON) traded down $0.08 during midday trading on Wednesday, hitting $6.92. The stock had a trading volume of 197,800 shares, compared to its average volume of 276,084. StoneMor Partners L.P. has a 12 month low of $5.52 and a 12 month high of $11.58. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.56 and a quick ratio of 2.56.

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StoneMor Partners Company Profile

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.

Institutional Ownership by Quarter for StoneMor Partners (NYSE:STON)

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