Two Sigma Advisers LP Purchases 5,700 Shares of Carriage Services, Inc. (CSV)

Two Sigma Advisers LP increased its position in shares of Carriage Services, Inc. (NYSE:CSV) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,700 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Two Sigma Advisers LP owned 0.52% of Carriage Services worth $2,152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in Carriage Services by 125.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 29,402 shares of the company’s stock worth $756,000 after buying an additional 16,389 shares in the last quarter. Renaissance Technologies LLC grew its position in Carriage Services by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 979,500 shares of the company’s stock worth $25,183,000 after buying an additional 77,900 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Carriage Services by 74.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 56,090 shares of the company’s stock worth $1,442,000 after buying an additional 23,991 shares in the last quarter. BlackRock Inc. grew its position in Carriage Services by 13.8% during the fourth quarter. BlackRock Inc. now owns 1,193,211 shares of the company’s stock worth $30,678,000 after buying an additional 144,656 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Carriage Services by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 111,969 shares of the company’s stock worth $2,879,000 after buying an additional 4,465 shares in the last quarter. 87.98% of the stock is currently owned by institutional investors and hedge funds.

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CSV stock opened at $27.76 on Friday. Carriage Services, Inc. has a twelve month low of $23.15 and a twelve month high of $28.96. The stock has a market cap of $449.18, a P/E ratio of 19.97, a PEG ratio of 0.91 and a beta of 0.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.55 and a current ratio of 0.71.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $65.10 million for the quarter, compared to analyst estimates of $65.34 million. Carriage Services had a net margin of 14.41% and a return on equity of 13.27%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. sell-side analysts predict that Carriage Services, Inc. will post 2.03 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CSV shares. Zacks Investment Research downgraded Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Barrington Research reissued an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Carriage Services in a research report on Thursday, February 15th.

In related news, Director James Raymond Schenck acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the acquisition, the director now owns 6,061 shares of the company’s stock, valued at $168,435.19. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barry K. Fingerhut acquired 2,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $27.50 per share, for a total transaction of $68,750.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $68,750. The disclosure for this purchase can be found here. 13.40% of the stock is currently owned by insiders.

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About Carriage Services

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.

Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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