Carriage Services, Inc. (NYSE:CSV) CFO Carl Benjamin Brink sold 935 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.78, for a total transaction of $21,299.30. Following the completion of the sale, the chief financial officer now directly owns 20,617 shares of the company’s stock, valued at approximately $469,655.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of NYSE CSV opened at $22.22 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.79 and a quick ratio of 0.58. The stock has a market capitalization of $403.26 million, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.68. Carriage Services, Inc. has a 1-year low of $14.50 and a 1-year high of $22.95. The business has a fifty day moving average price of $21.88 and a 200 day moving average price of $19.89.
Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Carriage Services had a net margin of 4.08% and a return on equity of 8.54%. The company had revenue of $67.75 million for the quarter, compared to the consensus estimate of $66.55 million. As a group, equities research analysts anticipate that Carriage Services, Inc. will post 1.39 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of CSV. BNP Paribas Arbitrage SA grew its stake in Carriage Services by 858.9% in the first quarter. BNP Paribas Arbitrage SA now owns 3,663 shares of the company’s stock valued at $71,000 after purchasing an additional 3,281 shares during the last quarter. Bank of Montreal Can grew its stake in Carriage Services by 105.7% in the second quarter. Bank of Montreal Can now owns 4,330 shares of the company’s stock valued at $82,000 after purchasing an additional 2,225 shares during the last quarter. Balter Liquid Alternatives LLC grew its stake in Carriage Services by 11.9% in the second quarter. Balter Liquid Alternatives LLC now owns 8,491 shares of the company’s stock valued at $161,000 after purchasing an additional 904 shares during the last quarter. Morgan Stanley grew its stake in Carriage Services by 351.4% in the second quarter. Morgan Stanley now owns 18,926 shares of the company’s stock valued at $361,000 after purchasing an additional 14,733 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Carriage Services by 13.3% in the first quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock valued at $581,000 after purchasing an additional 3,548 shares during the last quarter. Institutional investors own 77.65% of the company’s stock.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, August 7th. Barrington Research restated a “buy” rating and set a $26.00 target price on shares of Carriage Services in a report on Monday, July 22nd. Finally, ValuEngine raised Carriage Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
Carriage Services Company Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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