Carriage Services, Inc. (NYSE:CSV) Director James Raymond Schenck bought 1,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was bought at an average price of $22.58 per share, for a total transaction of $22,580.00. Following the completion of the purchase, the director now directly owns 10,989 shares in the company, valued at $248,131.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of CSV opened at $22.22 on Friday. The company has a 50 day moving average price of $21.88 and a 200-day moving average price of $19.89. Carriage Services, Inc. has a fifty-two week low of $14.50 and a fifty-two week high of $22.95. The stock has a market capitalization of $403.26 million, a PE ratio of 18.99, a PEG ratio of 1.09 and a beta of 0.68. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.58 and a current ratio of 0.79.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Carriage Services had a return on equity of 8.54% and a net margin of 4.08%. The business had revenue of $67.75 million during the quarter, compared to analysts’ expectations of $66.55 million. Equities research analysts forecast that Carriage Services, Inc. will post 1.39 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in CSV. Nuveen Asset Management LLC purchased a new stake in shares of Carriage Services in the 2nd quarter worth approximately $5,624,000. Vanguard Group Inc. lifted its position in shares of Carriage Services by 14.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,042,017 shares of the company’s stock worth $19,809,000 after purchasing an additional 129,449 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of Carriage Services by 31.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 466,208 shares of the company’s stock worth $8,975,000 after purchasing an additional 112,640 shares during the period. Global Alpha Capital Management Ltd. lifted its position in shares of Carriage Services by 14.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 846,793 shares of the company’s stock worth $16,301,000 after purchasing an additional 108,800 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Carriage Services by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,475,553 shares of the company’s stock worth $22,871,000 after purchasing an additional 71,959 shares during the period. 77.65% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Barrington Research restated a “buy” rating and issued a $26.00 target price on shares of Carriage Services in a research note on Monday, July 22nd. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, August 7th. Finally, ValuEngine raised shares of Carriage Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
About Carriage Services
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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