Verition Fund Management LLC increased its stake in shares of StoneMor Inc. (NYSE:STON – Get Rating) by 266.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 366,093 shares of the company’s stock after buying an additional 266,252 shares during the quarter. Verition Fund Management LLC’s holdings in StoneMor were worth $956,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in StoneMor by 7.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 84,453 shares of the company’s stock worth $221,000 after buying an additional 6,214 shares in the last quarter. Bank of New York Mellon Corp lifted its position in StoneMor by 9.9% during the first quarter. Bank of New York Mellon Corp now owns 86,077 shares of the company’s stock worth $225,000 after buying an additional 7,786 shares in the last quarter. Eudaimonia Partners LLC purchased a new position in StoneMor during the first quarter worth approximately $42,000. Royal Bank of Canada lifted its position in StoneMor by 167.3% during the first quarter. Royal Bank of Canada now owns 26,077 shares of the company’s stock worth $68,000 after buying an additional 16,323 shares in the last quarter. Finally, Castleview Partners LLC purchased a new position in StoneMor during the fourth quarter worth approximately $7,921,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.
StoneMor Price Performance
NYSE:STON opened at $3.44 on Thursday. StoneMor Inc. has a 52 week low of $2.04 and a 52 week high of $3.50. The company has a market capitalization of $408.51 million, a P/E ratio of -9.05 and a beta of 0.87. The stock’s fifty day moving average is $3.43 and its two-hundred day moving average is $3.08.
StoneMor Inc owns and operates cemeteries and funeral homes in the United States. The company operates in two segments, Cemetery Operations and Funeral Home Operations. The Cemetery Operations segment provides cemetery property interment rights, such as burial lots, lawn and mausoleum crypts, and cremation niches; cemetery merchandise comprising burial vaults, caskets, grave markers, and memorials; and cemetery services, which include opening and closing, cremation, and cemetery merchandise installation services.
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