Two Sigma Investments LP Sells 7,501 Shares of Carriage Services, Inc. (NYSE:CSV)

Two Sigma Investments LP decreased its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,327 shares of the company's stock after selling 7,501 shares during the period. Two Sigma Investments LP owned approximately 0.55% of Carriage Services worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in shares of Carriage Services during the 4th quarter valued at about $45,000. R Squared Ltd acquired a new position in shares of Carriage Services in the fourth quarter worth about $65,000. Quantbot Technologies LP boosted its holdings in shares of Carriage Services by 217.3% in the fourth quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock worth $199,000 after buying an additional 3,412 shares during the period. Polymer Capital Management US LLC acquired a new position in shares of Carriage Services in the fourth quarter worth about $202,000. Finally, Intech Investment Management LLC acquired a new position in shares of Carriage Services in the fourth quarter worth about $220,000. Institutional investors own 66.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday, May 11th. Roth Mkm reissued a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Finally, Barrington Research reissued an "outperform" rating and issued a $50.00 price target on shares of Carriage Services in a research report on Thursday, May 1st.

Carriage Services Stock Performance

Shares of NYSE:CSV traded up $0.58 during trading on Tuesday, hitting $44.20. 117,759 shares of the stock were exchanged, compared to its average volume of 112,644. The company has a market capitalization of $693.68 million, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. 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 1-year low of $25.84 and a 1-year high of $44.45. The company's fifty day simple moving average is $40.35 and its 200-day simple moving average is $40.02.

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

Carriage Services Dividend Announcement

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

Insider Buying and Selling

In other news, President Steven D. Metzger sold 3,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $40.60, for a total value of $121,800.00. Following the sale, the president now owns 75,897 shares in the company, valued at approximately $3,081,418.20. The trade was a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,000 shares of company stock worth $362,141 in the last 90 days. 2.60% of the stock is owned by company insiders.

Carriage Services 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.