Carriage Services, Inc. (NYSE:CSV) Shares Bought by Praetorian PR LLC

Praetorian PR LLC raised its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,000 shares of the company’s stock after purchasing an additional 10,578 shares during the period. Carriage Services accounts for approximately 1.0% of Praetorian PR LLC’s investment portfolio, making the stock its 12th biggest holding. Praetorian PR LLC owned about 0.53% of Carriage Services worth $2,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in shares of Carriage Services during the third quarter valued at about $204,000. FMR LLC grew its position in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after purchasing an additional 271 shares during the last quarter. Algert Global LLC increased its stake in Carriage Services by 22.1% during the 3rd quarter. Algert Global LLC now owns 13,904 shares of the company’s stock valued at $456,000 after purchasing an additional 2,517 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Carriage Services during the third quarter worth $2,151,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Carriage Services by 141.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,379 shares of the company’s stock valued at $866,000 after buying an additional 15,433 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSV. Barrington Research raised their target price on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, VP Paul Donald Elliott sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the transaction, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.10% of the stock is currently owned by insiders.

Carriage Services Trading Up 0.5 %

Shares of Carriage Services stock opened at $40.58 on Friday. The stock has a market cap of $617.63 million, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The firm has a fifty day moving average price of $34.94 and a 200 day moving average price of $31.31. Carriage Services, Inc. has a 1 year low of $22.05 and a 1 year high of $40.89. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

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

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services’s dividend payout ratio is currently 20.18%.

Carriage Services Company 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.