EMC Capital Management Grows Stock Position in Carriage Services, Inc. (NYSE:CSV)

EMC Capital Management raised its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,227 shares of the company’s stock after acquiring 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 hedge funds and other institutional investors also recently added to or reduced their stakes in CSV. FMR LLC lifted its position in shares of Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares in the last quarter. Point72 DIFC Ltd raised its stake in Carriage Services by 613.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after purchasing an additional 1,600 shares during the last quarter. R Squared Ltd purchased a new position in Carriage Services in the 4th quarter valued at about $65,000. Point72 Asset Management L.P. boosted its stake in shares of Carriage Services by 1,074.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Carriage Services during the third quarter worth about $204,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Performance

NYSE CSV opened at $41.39 on Friday. The business’s 50-day moving average price is $40.03 and its 200 day moving average price is $35.33. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. Carriage Services, Inc. has a twelve month low of $22.96 and a twelve month high of $42.67. The company has a market capitalization of $630.02 million, a PE ratio of 18.56, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93.

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, topping the consensus estimate of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The business had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. During the same period in the prior year, the firm posted $0.33 EPS. On average, research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1125 per share. 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 dividend payout ratio is currently 20.18%.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the vice president now owns 34,166 shares of the company’s stock, valued at $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Carriage Services Profile

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.