Carriage Services (NYSE:CSV) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Carriage Services (NYSE:CSV – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

A number of other equities analysts have also commented on the company. Barrington Research boosted their price objective on Carriage Services from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. TheStreet lowered Carriage Services from a “b-” rating to a “c+” rating in a research note on Wednesday, November 16th.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $31.82 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 4.29. The business’s 50 day moving average is $31.97 and its two-hundred day moving average is $30.09. The company has a market cap of $473.80 million, a P/E ratio of 12.24, a P/E/G ratio of 0.92 and a beta of 0.83. Carriage Services has a 12 month low of $22.71 and a 12 month high of $56.28.

Carriage Services (NYSE:CSV – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $93.92 million for the quarter, compared to analysts’ expectations of $89.69 million. Carriage Services had a return on equity of 32.26% and a net margin of 11.18%. On average, equities analysts expect that Carriage Services will post 2.33 EPS for the current year.

Insider Activity

In other news, insider Adeola Olaniyan sold 1,028 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $26.99, for a total value of $27,745.72. Following the completion of the sale, the insider now directly owns 7,000 shares of the company’s stock, valued at $188,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Carriage Services news, EVP Steven D. Metzger purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The shares were 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 in the company, valued at approximately $267,587.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 directly owns 7,000 shares in the company, valued at approximately $188,930. The disclosure for this sale can be found here. Insiders sold a total of 1,652 shares of company stock valued at $44,908 over the last three months. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CSV. Price T Rowe Associates Inc. MD lifted its holdings in Carriage Services by 2,866.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 236,839 shares of the company’s stock worth $9,391,000 after buying an additional 228,855 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Carriage Services by 2,169.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 164,628 shares of the company’s stock worth $4,534,000 after purchasing an additional 157,373 shares in the last quarter. Millennium Management LLC increased its holdings in Carriage Services by 61.7% during the 2nd quarter. Millennium Management LLC now owns 307,860 shares of the company’s stock worth $12,207,000 after purchasing an additional 117,436 shares in the last quarter. Marshall Wace LLP bought a new stake in Carriage Services during the 3rd quarter worth approximately $2,763,000. Finally, UBS Group AG grew its holdings in shares of Carriage Services by 60.1% in the fourth quarter. UBS Group AG now owns 222,451 shares of the company’s stock valued at $6,126,000 after acquiring an additional 83,527 shares in the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

Carriage Services Company Profile

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Carriage Services, Inc engages in the provision of funeral and cemetery services. It operates through the Funeral Home and Cemetery segments. The Funeral Home segment offers a complete suite of services to meet families’ funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral homes for visitation and remembrance services and transportation services.