StoneMor Inc. (NYSE:STON – Get Rating) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 506,700 shares, an increase of 19.0% from the March 31st total of 425,700 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 139,600 shares, the short-interest ratio is currently 3.6 days.
STON stock opened at $2.43 on Wednesday. StoneMor has a twelve month low of $1.83 and a twelve month high of $3.09. The stock has a market cap of $287.56 million, a P/E ratio of -5.17 and a beta of 1.00. The business’s 50-day moving average price is $2.64 and its 200-day moving average price is $2.54.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in StoneMor by 296.6% in the 3rd quarter. Citigroup Inc. now owns 166,700 shares of the company’s stock worth $412,000 after purchasing an additional 124,669 shares in the last quarter. SG Americas Securities LLC purchased a new position in StoneMor in the 3rd quarter worth approximately $47,000. Geode Capital Management LLC lifted its holdings in StoneMor by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,232,322 shares of the company’s stock worth $3,043,000 after purchasing an additional 16,950 shares in the last quarter. BlackRock Inc. lifted its holdings in StoneMor by 0.7% in the 3rd quarter. BlackRock Inc. now owns 1,590,515 shares of the company’s stock worth $3,930,000 after purchasing an additional 10,756 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in StoneMor by 82.3% in the 4th quarter. JPMorgan Chase & Co. now owns 46,621 shares of the company’s stock worth $106,000 after purchasing an additional 21,043 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.
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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