Maven Securities LTD acquired a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,284 shares of the company's stock, valued at approximately $1,484,000. Maven Securities LTD owned about 0.24% of Carriage Services at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in Carriage Services during the fourth quarter worth $45,000. New York State Teachers Retirement System acquired a new stake in Carriage Services during the first quarter worth $48,000. US Bancorp DE acquired a new stake in Carriage Services during the first quarter worth $93,000. GAMMA Investing LLC lifted its holdings in shares of Carriage Services by 8,246.2% during the first quarter. GAMMA Investing LLC now owns 3,255 shares of the company's stock valued at $126,000 after acquiring an additional 3,216 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Carriage Services during the fourth quarter valued at $256,000. Institutional investors and hedge funds own 66.46% of the company's stock.
Carriage Services Trading Up 0.9%
Shares of NYSE CSV traded up $0.42 during mid-day trading on Friday, hitting $45.58. The company's stock had a trading volume of 77,570 shares, compared to its average volume of 111,724. The stock has a market cap of $715.61 million, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.06 and a quick ratio of 0.90. Carriage Services, Inc. has a one year low of $30.15 and a one year high of $49.41. The company's fifty day simple moving average is $45.86 and its 200-day simple moving average is $42.32.
Carriage Services (NYSE:CSV - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $102.15 million for the quarter, compared to analyst estimates of $101.36 million. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. On average, sell-side analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 4th. Carriage Services's dividend payout ratio (DPR) is 13.51%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CSV shares. Zacks Research raised Carriage Services to a "strong-buy" rating in a report on Monday, August 11th. B. Riley reissued a "buy" rating and set a $65.00 price objective (up from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Roth Mkm reissued a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Wall Street Zen cut Carriage Services from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Barrington Research lifted their price objective on Carriage Services from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Carriage Services has an average rating of "Buy" and a consensus price target of $58.67.
Get Our Latest Stock Analysis on CSV
About Carriage Services
(
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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