Marshall Wace LLP grew its position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,151 shares of the company's stock after purchasing an additional 9,461 shares during the period. Marshall Wace LLP owned 0.29% of Carriage Services worth $1,759,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Carriage Services by 228.6% in the 3rd quarter. Barclays PLC now owns 20,433 shares of the company's stock valued at $671,000 after buying an additional 14,215 shares during the period. Geode Capital Management LLC boosted its holdings in Carriage Services by 4.4% in the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after acquiring an additional 13,126 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Carriage Services during the third quarter valued at about $232,000. JPMorgan Chase & Co. increased its stake in Carriage Services by 94.7% during the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after acquiring an additional 57,821 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Carriage Services by 27.5% in the 4th quarter. SG Americas Securities LLC now owns 8,042 shares of the company's stock worth $320,000 after purchasing an additional 1,736 shares during the period. 66.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Carriage Services
In other news, President Steven D. Metzger sold 2,492 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $40.01, for a total transaction of $99,704.92. Following the transaction, the president now owns 78,897 shares of the company's stock, valued at approximately $3,156,668.97. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CSV. StockNews.com raised shares of Carriage Services from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Barrington Research reiterated an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a research note on Friday, February 28th.
View Our Latest Analysis on Carriage Services
Carriage Services Stock Down 1.2 %
CSV traded down $0.49 during trading hours on Wednesday, reaching $39.89. 99,148 shares of the stock traded hands, compared to its average volume of 115,711. Carriage Services, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $42.75. The company has a market cap of $624.28 million, a price-to-earnings ratio of 17.89, a PEG ratio of 0.97 and a beta of 0.77. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The firm's fifty day simple moving average is $38.69 and its two-hundred day simple moving average is $38.80.
Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping 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%. As a group, analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be paid 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 yield of 1.13%. Carriage Services's dividend payout ratio (DPR) is 21.43%.
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.
Further Reading
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