Carriage Services, Inc. (NYSE:CSV) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in Carriage Services, Inc. (NYSE:CSV) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 108,010 shares of the company’s stock after selling 2,871 shares during the period. Kennedy Capital Management LLC owned 0.71% of Carriage Services worth $4,304,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in 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 purchasing an additional 271 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Carriage Services in the 3rd quarter valued at about $204,000. Point72 Asset Management L.P. increased 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 valued at $154,000 after acquiring an additional 4,297 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Carriage Services by 17.3% during the 3rd quarter. XTX Topco Ltd now owns 9,064 shares of the company’s stock worth $298,000 after acquiring an additional 1,337 shares during the period. Finally, Barclays PLC boosted its position in shares of Carriage Services by 228.6% in the third quarter. Barclays PLC now owns 20,433 shares of the company’s stock worth $671,000 after acquiring an additional 14,215 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Up 2.2 %

Shares of NYSE:CSV opened at $37.76 on Friday. The stock has a 50-day simple moving average of $39.14 and a 200-day simple moving average of $38.16. The stock has a market capitalization of $590.87 million, a P/E ratio of 16.93, a PEG ratio of 0.97 and a beta of 0.77. Carriage Services, Inc. has a 1 year low of $23.20 and a 1 year high of $42.75. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $97.70 million during the quarter, compared to the consensus estimate of $96.72 million. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, February 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 21.43%.

Wall Street Analyst Weigh In

CSV has been the subject of several research analyst reports. StockNews.com lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of Carriage Services in a report on Friday, February 28th.

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.