Rhumbline Advisers Purchases 1,245 Shares of Carriage Services, Inc. (CSV)
Rhumbline Advisers raised its position in shares of Carriage Services, Inc. (NYSE:CSV) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,011 shares of the company’s stock after acquiring an additional 1,245 shares during the period. Rhumbline Advisers owned approximately 0.11% of Carriage Services worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Carriage Services by 0.8% during the 1st quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock worth $110,000 after acquiring an additional 31 shares in the last quarter. Palouse Capital Management Inc. raised its holdings in shares of Carriage Services by 1.2% during the 1st quarter. Palouse Capital Management Inc. now owns 9,718 shares of the company’s stock worth $264,000 after acquiring an additional 115 shares in the last quarter. Baker Ellis Asset Management LLC raised its holdings in shares of Carriage Services by 2.5% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,150 shares of the company’s stock worth $166,000 after acquiring an additional 150 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Carriage Services by 0.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 155,143 shares of the company’s stock worth $4,183,000 after acquiring an additional 388 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Carriage Services by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 32,592 shares of the company’s stock worth $933,000 after acquiring an additional 401 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Carriage Services, Inc. (NYSE:CSV) opened at 25.92 on Thursday. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $26.00. Carriage Services, Inc. has a 52-week low of $23.06 and a 52-week high of $29.11. The company has a market cap of $433.38 million, a P/E ratio of 21.95 and a beta of 0.89.
Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, July 26th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.10). The business had revenue of $63.87 million for the quarter, compared to analyst estimates of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. Carriage Services’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. Analysts expect that Carriage Services, Inc. will post $1.62 earnings per share for the current year.
In other Carriage Services news, CEO Melvin C. Payne sold 100,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the completion of the sale, the chief executive officer now owns 1,131,753 shares of the company’s stock, valued at $26,992,309.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.40% of the stock is owned by company insiders.
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Several analysts have recently issued reports on the company. Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $82.00 target price on shares of Carriage Services in a research report on Monday, June 12th.
Carriage Services 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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