Carriage Services, Inc. (NYSE:CSV) Stock Holdings Lessened by Strs Ohio

Strs Ohio trimmed its stake in Carriage Services, Inc. (NYSE:CSVGet Rating) by 48.1% in the third quarter, Holdings Channel.com reports. The firm owned 5,600 shares of the company’s stock after selling 5,200 shares during the quarter. Strs Ohio’s holdings in Carriage Services were worth $180,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank purchased a new stake in shares of Carriage Services in the first quarter worth approximately $105,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Carriage Services in the second quarter worth approximately $247,000. Quantbot Technologies LP purchased a new stake in shares of Carriage Services in the second quarter worth approximately $406,000. Bailard Inc. lifted its position in shares of Carriage Services by 12.0% in the second quarter. Bailard Inc. now owns 5,591 shares of the company’s stock worth $222,000 after purchasing an additional 600 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new stake in shares of Carriage Services in the second quarter worth approximately $33,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSV has been the topic of several recent research reports. Barrington Research cut their price objective on shares of Carriage Services from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 27th. StockNews.com initiated coverage on shares of Carriage Services in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of Carriage Services from a “b-” rating to a “c+” rating in a research report on Wednesday, November 16th.

Carriage Services Price Performance

Shares of CSV opened at $30.57 on Friday. Carriage Services, Inc. has a twelve month low of $22.71 and a twelve month high of $56.28. The firm has a market cap of $449.84 million, a PE ratio of 10.76, a PEG ratio of 0.78 and a beta of 0.79. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.57 and a current ratio of 0.73. The firm’s 50 day moving average price is $26.77 and its 200 day moving average price is $31.93.

Carriage Services (NYSE:CSVGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). Carriage Services had a net margin of 12.50% and a return on equity of 35.79%. The firm had revenue of $87.50 million during the quarter, compared to the consensus estimate of $88.98 million. As a group, research analysts expect that Carriage Services, Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity

In other news, EVP Steven D. Metzger purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were bought at an average price of $26.98 per share, with a total value of $26,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,918 shares in the company, valued at approximately $267,587.64. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider Adeola Olaniyan sold 1,028 shares of the firm’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $26.99, for a total value of $27,745.72. Following the sale, the insider now owns 7,000 shares in the company, valued at $188,930. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven D. Metzger acquired 1,000 shares of the stock in a transaction dated Tuesday, December 20th. The stock was bought at an average price of $26.98 per share, for a total transaction of $26,980.00. Following the purchase, the executive vice president now owns 9,918 shares of the company’s stock, valued at approximately $267,587.64. The disclosure for this purchase can be found here. Insiders have sold a total of 1,652 shares of company stock valued at $44,908 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Carriage Services Profile

(Get Rating)

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of burial and cremation services, and related merchandise, such as caskets and urns.

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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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