Rhumbline Advisers Has $783,000 Stock Position in Carriage Services, Inc. (NYSE:CSV)

Rhumbline Advisers trimmed its stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 37.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,202 shares of the company's stock after selling 12,024 shares during the quarter. Rhumbline Advisers owned 0.13% of Carriage Services worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Carriage Services during the 4th quarter valued at about $3,566,000. LSV Asset Management boosted its holdings in shares of Carriage Services by 12.4% in the 4th quarter. LSV Asset Management now owns 590,917 shares of the company's stock worth $23,548,000 after acquiring an additional 65,358 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Carriage Services by 16.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock worth $9,454,000 after acquiring an additional 34,342 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Carriage Services during the 4th quarter worth approximately $1,159,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Carriage Services by 92.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,642 shares of the company's stock valued at $2,018,000 after purchasing an additional 24,263 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CSV shares. Roth Mkm reissued a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $50.00 price target on shares of Carriage Services in a report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday, May 11th.

Carriage Services Trading Up 0.2%

NYSE:CSV traded up $0.07 during trading hours on Tuesday, hitting $44.21. 44,576 shares of the stock were exchanged, compared to its average volume of 109,580. The company has a market capitalization of $693.67 million, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 2.35. The company's 50 day moving average is $42.23 and its two-hundred day moving average is $40.48. Carriage Services, Inc. has a twelve month low of $25.84 and a twelve month high of $46.15.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.16. The business had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a return on equity of 21.96% and a net margin of 11.50%. On average, sell-side analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 5th were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services's dividend payout ratio is 15.05%.

Insider Buying and Selling

In related news, President Steven D. Metzger sold 2,492 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $40.01, for a total value of $99,704.92. Following the completion of the sale, the president now owns 78,897 shares in the company, valued at approximately $3,156,668.97. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 9,000 shares of company stock valued at $362,141 over the last ninety days. Insiders own 2.60% of the company's stock.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.