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.
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.
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.
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