Rhumbline Advisers decreased its stake in Carriage Services, Inc. (NYSE:CSV - Free Report) by 37.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,202 shares of the company's stock after selling 12,024 shares during the period. Rhumbline Advisers owned 0.13% of Carriage Services worth $783,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of CSV. MetLife Investment Management LLC lifted its stake in Carriage Services by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 8,223 shares of the company's stock valued at $328,000 after purchasing an additional 246 shares during the last quarter. Versor Investments LP lifted its stake in Carriage Services by 6.3% in the 4th quarter. Versor Investments LP now owns 8,387 shares of the company's stock valued at $334,000 after purchasing an additional 500 shares during the last quarter. Jump Financial LLC lifted its stake in Carriage Services by 7.9% in the 4th quarter. Jump Financial LLC now owns 8,200 shares of the company's stock valued at $327,000 after purchasing an additional 600 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Carriage Services by 8.8% in the 4th quarter. Principal Financial Group Inc. now owns 7,700 shares of the company's stock valued at $307,000 after purchasing an additional 624 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in Carriage Services by 1.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock valued at $2,450,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 66.46% of the company's stock.
Carriage Services Stock Performance
CSV stock traded down $0.62 during mid-day trading on Friday, hitting $43.80. 113,338 shares of the company were exchanged, compared to its average volume of 109,998. The business has a 50 day simple moving average of $42.12 and a 200-day simple moving average of $40.44. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $687.22 million, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.92 and a beta of 0.88. Carriage Services, Inc. has a 1-year low of $25.84 and a 1-year high of $46.15.
Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.16. The firm had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. On average, equities analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current year.
Carriage Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were given a dividend of $0.1125 per share. The ex-dividend date was Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 1.03%. Carriage Services's dividend payout ratio (DPR) is presently 15.05%.
Insiders Place Their Bets
In other news, President Steven D. Metzger sold 2,492 shares of Carriage Services stock in a transaction that occurred on Monday, April 28th. The shares were 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 directly owns 78,897 shares in the company, valued at approximately $3,156,668.97. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,000 shares of company stock worth $362,141 over the last three months. Insiders own 2.60% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on CSV shares. Wall Street Zen upgraded shares of Carriage Services from a "hold" rating to a "buy" rating in a research note on Sunday, May 11th. Barrington Research restated an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a research report on Thursday, May 1st. Finally, Roth Mkm restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd.
View Our Latest Stock Analysis on Carriage Services
Carriage Services Profile
(
Free Report)
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.
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