Manatuck Hill Partners LLC Lowers Holdings in Carriage Services, Inc. $CSV

Manatuck Hill Partners LLC trimmed its position in Carriage Services, Inc. (NYSE:CSV) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,000 shares of the company’s stock after selling 15,000 shares during the period. Carriage Services makes up about 2.0% of Manatuck Hill Partners LLC’s holdings, making the stock its 16th biggest position. Manatuck Hill Partners LLC’s holdings in Carriage Services were worth $5,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in Carriage Services by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock valued at $404,000 after buying an additional 258 shares during the last quarter. Hohimer Wealth Management LLC grew its position in Carriage Services by 6.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company’s stock valued at $213,000 after buying an additional 289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after buying an additional 312 shares during the last quarter. Prudential Financial Inc. grew its position in Carriage Services by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock valued at $514,000 after buying an additional 330 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Carriage Services by 4.3% in the 4th quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock valued at $456,000 after buying an additional 446 shares during the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Price Performance

Shares of NYSE CSV opened at $37.96 on Thursday. The firm has a market capitalization of $602.39 million, a P/E ratio of 13.75, a PEG ratio of 0.75 and a beta of 0.83. Carriage Services, Inc. has a one year low of $37.11 and a one year high of $52.10. The company’s fifty day moving average is $44.37 and its two-hundred day moving average is $43.75. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.99 and a current ratio of 1.15.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $106.12 million for the quarter, compared to analyst estimates of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Analysts forecast that Carriage Services, Inc. will post 3.45 EPS for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 4th. Carriage Services’s payout ratio is presently 16.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSV. Weiss Ratings lowered shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Carriage Services has an average rating of “Moderate Buy” and a consensus target price of $61.67.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.