Manatuck Hill Partners LLC Acquires New Shares in Carriage Services, Inc. $CSV

Manatuck Hill Partners LLC bought a new stake in shares of Carriage Services, Inc. (NYSE:CSV) during the second quarter, Holdings Channel.com reports. The fund bought 66,600 shares of the company’s stock, valued at approximately $2,553,000.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after purchasing an additional 312 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after purchasing an additional 868 shares in the last quarter. Jane Street Group LLC bought a new position in Carriage Services in the 1st quarter worth about $689,000. Creative Planning bought a new position in Carriage Services in the 2nd quarter worth about $200,000. Finally, Rhumbline Advisers grew its holdings in Carriage Services by 8.2% during the 2nd quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock valued at $1,000,000 after buying an additional 1,654 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSV. Roth Capital set a $46.00 price target on Carriage Services in a research report on Friday, August 7th. Zacks Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Oppenheimer assumed coverage on shares of Carriage Services in a report on Thursday, August 13th. They set an “outperform” rating and a $48.00 target price on the stock. Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Finally, Raymond James Financial set a $50.00 price target on shares of Carriage Services in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Carriage Services Stock Up 0.4%

Shares of NYSE CSV opened at $34.72 on Wednesday. The stock has a market capitalization of $550.93 million, a P/E ratio of 12.44, a PEG ratio of 0.68 and a beta of 0.84. Carriage Services, Inc. has a one year low of $33.33 and a one year high of $52.10. The firm’s 50 day simple moving average is $37.67 and its two-hundred day simple moving average is $41.95. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.3%. Carriage Services’s payout ratio is currently 16.13%.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.