Group One Trading LLC Raises Stock Holdings in Carriage Services, Inc. (NYSE:CSV)

Group One Trading LLC lifted its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 17,500.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,424 shares of the company's stock after purchasing an additional 17,325 shares during the quarter. Group One Trading LLC owned 0.11% of Carriage Services worth $694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Carriage Services by 14.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock worth $5,975,000 after purchasing an additional 18,661 shares in the last quarter. Rhumbline Advisers boosted its stake in Carriage Services by 60.8% in the fourth quarter. Rhumbline Advisers now owns 32,226 shares of the company's stock worth $1,284,000 after buying an additional 12,180 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Carriage Services by 16.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock worth $9,454,000 after buying an additional 34,342 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Carriage Services in the fourth quarter worth approximately $342,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in Carriage Services in the fourth quarter worth approximately $355,000. Hedge funds and other institutional investors own 66.46% of the company's stock.

Carriage Services Stock Performance

Shares of CSV stock opened at $43.75 on Tuesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. Carriage Services, Inc. has a fifty-two week low of $25.84 and a fifty-two week high of $44.35. The stock has a 50 day moving average price of $39.26 and a two-hundred day moving average price of $39.69. The company has a market capitalization of $686.57 million, a P/E ratio of 19.62, a PEG ratio of 0.97 and a beta of 0.93.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.16. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The firm had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. Analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 5th will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.03%. Carriage Services's dividend payout ratio is presently 15.05%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Roth Mkm reaffirmed a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. StockNews.com upgraded Carriage Services from a "hold" rating to a "buy" rating in a research report on Sunday, May 11th. Finally, Barrington Research reiterated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a research report on Thursday, May 1st.

Insider Activity at Carriage Services

In related news, President Steven D. Metzger sold 2,492 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $40.01, for a total transaction of $99,704.92. Following the completion of the transaction, the president now owns 78,897 shares in the company, valued at $3,156,668.97. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 9,000 shares of company stock worth $362,141 over the last quarter. 2.60% of the stock is owned by corporate insiders.

About Carriage Services

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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