Carriage Services, Inc. (NYSE:CSV) insider Steven D. Metzger purchased 1,000 shares of Carriage Services stock in a transaction that occurred on Thursday, June 10th. The shares were bought at an average price of $38.19 per share, for a total transaction of $38,190.00. Following the transaction, the insider now directly owns 6,021 shares of the company’s stock, valued at $229,941.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE:CSV traded down $0.90 during mid-day trading on Thursday, hitting $37.82. 84,632 shares of the company’s stock were exchanged, compared to its average volume of 93,229. Carriage Services, Inc. has a one year low of $16.74 and a one year high of $39.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 0.68. The company has a fifty day moving average price of $37.30. The stock has a market cap of $682.58 million, a P/E ratio of 21.04, a PEG ratio of 1.03 and a beta of 0.83.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, April 20th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.59 by $0.22. Carriage Services had a net margin of 9.53% and a return on equity of 17.73%. Equities analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Carriage Services from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, April 27th. B. Riley assumed coverage on shares of Carriage Services in a research report on Wednesday. They set a “buy” rating and a $50.00 price target on the stock. Roth Capital assumed coverage on shares of Carriage Services in a research report on Wednesday, May 5th. They set a “buy” rating and a $48.00 price target on the stock. Finally, Barrington Research boosted their price target on shares of Carriage Services from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $46.50.
Several hedge funds and other institutional investors have recently modified their holdings of CSV. Polar Asset Management Partners Inc. lifted its stake in shares of Carriage Services by 181.5% in the first quarter. Polar Asset Management Partners Inc. now owns 480,466 shares of the company’s stock worth $16,908,000 after buying an additional 309,793 shares in the last quarter. LSV Asset Management lifted its stake in shares of Carriage Services by 193.2% in the first quarter. LSV Asset Management now owns 444,784 shares of the company’s stock worth $15,651,000 after buying an additional 293,086 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Carriage Services by 131.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 181,133 shares of the company’s stock worth $6,374,000 after buying an additional 102,730 shares in the last quarter. Boston Partners lifted its stake in shares of Carriage Services by 207.1% in the fourth quarter. Boston Partners now owns 146,746 shares of the company’s stock worth $4,596,000 after buying an additional 98,967 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Carriage Services in the first quarter worth approximately $3,222,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.
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 engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of caskets and related funeral merchandise.
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