StoneMor Partners L.P. (NYSE:STON) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.84 and traded as high as $1.33. StoneMor Partners shares last traded at $1.30, with a volume of 6,540 shares trading hands.

The firm has a 50 day simple moving average of $1.72 and a 200 day simple moving average of $2.84.

In other news, Director Fenton R. Talbott sold 18,535 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $2.19, for a total value of $40,591.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Atria Investments LLC bought a new position in StoneMor Partners in the 2nd quarter worth $608,000. Wedbush Securities Inc. raised its holdings in StoneMor Partners by 13.5% in the 1st quarter. Wedbush Securities Inc. now owns 27,770 shares of the company’s stock worth $105,000 after purchasing an additional 3,300 shares during the period. Verition Fund Management LLC raised its holdings in StoneMor Partners by 12.5% in the 2nd quarter. Verition Fund Management LLC now owns 901,200 shares of the company’s stock worth $1,983,000 after purchasing an additional 100,000 shares during the period. Morgan Stanley raised its holdings in StoneMor Partners by 0.4% in the 2nd quarter. Morgan Stanley now owns 4,052,045 shares of the company’s stock worth $8,914,000 after purchasing an additional 14,266 shares during the period. Finally, Axar Capital Management L.P. raised its holdings in StoneMor Partners by 4.9% in the 1st quarter. Axar Capital Management L.P. now owns 7,748,435 shares of the company’s stock worth $29,212,000 after purchasing an additional 363,465 shares during the period. Hedge funds and other institutional investors own 51.14% of the company’s stock.

About StoneMor Partners (NYSE:STON)

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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