Swiss National Bank Has $715,000 Position in Carriage Services, Inc. (NYSE:CSV)
Swiss National Bank maintained its position in Carriage Services, Inc. (NYSE:CSV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,371 shares of the company’s stock at the end of the first quarter. Swiss National Bank owned 0.16% of Carriage Services worth $715,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. LSV Asset Management raised its stake in Carriage Services by 3.2% in the first quarter. LSV Asset Management now owns 889,376 shares of the company’s stock valued at $24,119,000 after buying an additional 27,700 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Carriage Services by 6.4% in the first quarter. Eqis Capital Management Inc. now owns 21,103 shares of the company’s stock valued at $572,000 after buying an additional 1,277 shares in the last quarter. Wells Fargo & Company MN raised its stake in Carriage Services by 7.0% in the first quarter. Wells Fargo & Company MN now owns 106,135 shares of the company’s stock valued at $2,879,000 after buying an additional 6,924 shares in the last quarter. Capital Impact Advisors LLC raised its stake in Carriage Services by 38.1% in the first quarter. Capital Impact Advisors LLC now owns 59,229 shares of the company’s stock valued at $1,606,000 after buying an additional 16,342 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Carriage Services by 15.5% in the fourth quarter. Macquarie Group Ltd. now owns 41,700 shares of the company’s stock valued at $1,194,000 after buying an additional 5,600 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.
Carriage Services, Inc. (NYSE CSV) traded up 0.33% during midday trading on Tuesday, reaching $24.32. The company had a trading volume of 84,394 shares. The stock’s 50 day moving average is $26.46 and its 200 day moving average is $26.67. The company has a market capitalization of $406.63 million, a PE ratio of 20.59 and a beta of 0.92. Carriage Services, Inc. has a one year low of $22.53 and a one year high of $29.11.
Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, July 26th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $63.87 million for the quarter, compared to the consensus estimate of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. Equities research analysts forecast that Carriage Services, Inc. will post $1.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. Carriage Services’s payout ratio is presently 16.95%.
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CSV has been the topic of several analyst reports. Zacks Investment Research upgraded Carriage Services from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 price objective on shares of Carriage Services in a research note on Monday, June 12th. Finally, BidaskClub lowered Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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