Wells Fargo & Company MN trimmed its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,623 shares of the company’s stock after selling 4,239 shares during the quarter. Wells Fargo & Company MN’s holdings in Carriage Services were worth $1,764,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Fenimore Asset Management Inc. boosted its holdings in Carriage Services by 0.7% during the fourth quarter. Fenimore Asset Management Inc. now owns 287,955 shares of the company’s stock valued at $7,403,000 after acquiring an additional 2,025 shares during the period. Cadence Capital Management LLC boosted its holdings in Carriage Services by 7.8% during the fourth quarter. Cadence Capital Management LLC now owns 48,199 shares of the company’s stock valued at $1,239,000 after acquiring an additional 3,487 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Carriage Services by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,406,074 shares of the company’s stock valued at $35,996,000 after acquiring an additional 6,313 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Carriage Services by 10.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 74,160 shares of the company’s stock valued at $1,907,000 after acquiring an additional 7,230 shares during the period. Finally, OxFORD Asset Management LLP boosted its holdings in Carriage Services by 146.8% during the third quarter. OxFORD Asset Management LLP now owns 52,777 shares of the company’s stock valued at $1,354,000 after acquiring an additional 31,394 shares during the period. 88.28% of the stock is currently owned by hedge funds and other institutional investors.
CSV stock opened at $28.17 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.71 and a quick ratio of 0.55. Carriage Services, Inc. has a 52-week low of $23.15 and a 52-week high of $28.96. The stock has a market cap of $450.48, a price-to-earnings ratio of 20.03, a PEG ratio of 0.91 and a beta of 0.65.
Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). Carriage Services had a net margin of 14.41% and a return on equity of 13.27%. The firm had revenue of $65.10 million for the quarter, compared to the consensus estimate of $65.34 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. equities analysts anticipate that Carriage Services, Inc. will post 2.03 EPS for the current fiscal year.
In related news, Director James Raymond Schenck bought 1,000 shares of Carriage Services stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the purchase, the director now owns 6,061 shares in the company, valued at $168,435.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry K. Fingerhut bought 2,500 shares of Carriage Services stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $27.50 per share, with a total value of $68,750.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $68,750. The disclosure for this purchase can be found here. 13.60% of the stock is owned by corporate insiders.
A number of research firms have issued reports on CSV. Barrington Research restated an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Carriage Services in a report on Thursday, February 15th. Zacks Investment Research cut shares of Carriage Services from a “hold” rating to a “sell” rating in a report on Thursday, February 8th.
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Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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