Carriage Services, Inc. (NYSE:CSV) Shares Acquired by EMC Capital Management

EMC Capital Management increased its position in Carriage Services, Inc. (NYSE:CSV) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,227 shares of the company’s stock after purchasing an additional 1,419 shares during the quarter. EMC Capital Management’s holdings in Carriage Services were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Carriage Services during the fourth quarter valued at about $65,000. Linden Thomas Advisory Services LLC increased its holdings in Carriage Services by 22.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,357 shares of the company’s stock worth $1,090,000 after purchasing an additional 5,093 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Carriage Services in the 4th quarter valued at approximately $821,000. SG Americas Securities LLC grew its position in shares of Carriage Services by 27.5% during the fourth quarter. SG Americas Securities LLC now owns 8,042 shares of the company’s stock worth $320,000 after buying an additional 1,736 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Carriage Services by 94.7% in the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company’s stock worth $3,903,000 after buying an additional 57,821 shares during the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Paul Donald Elliott sold 5,000 shares of Carriage Services stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the sale, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. The trade was a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.10% of the company’s stock.

Carriage Services Trading Down 0.8 %

NYSE:CSV opened at $41.39 on Friday. The company has a market cap of $630.02 million, a PE ratio of 18.56, a P/E/G ratio of 0.94 and a beta of 0.93. The business’s 50 day moving average is $40.03 and its two-hundred day moving average is $35.33. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. Carriage Services, Inc. has a 52 week low of $22.96 and a 52 week high of $42.67.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.19. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, February 3rd. Carriage Services’s payout ratio is 20.18%.

Analysts Set New Price Targets

Separately, Barrington Research raised their price objective on shares of Carriage Services from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 6th.

About Carriage Services

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