Carriage Services, Inc. (NYSE:CSV) Position Increased by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in Carriage Services, Inc. (NYSE:CSV) by 9.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,134 shares of the company’s stock after buying an additional 1,279 shares during the quarter. AQR Capital Management LLC owned approximately 0.10% of Carriage Services worth $406,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CSV. AXA S.A. bought a new position in Carriage Services in the 2nd quarter worth about $932,000. Cubist Systematic Strategies LLC grew its holdings in Carriage Services by 127.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,549 shares of the company’s stock worth $981,000 after buying an additional 20,490 shares in the last quarter. Point72 DIFC Ltd grew its holdings in Carriage Services by 613.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock worth $50,000 after buying an additional 1,600 shares in the last quarter. Marshall Wace LLP increased its position in Carriage Services by 3.0% in the 2nd quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,125 shares during the period. Finally, XTX Topco Ltd bought a new stake in Carriage Services during the 2nd quarter valued at $207,000. 66.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, CEO Carlos R. Quezada acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $29.44 per share, with a total value of $58,880.00. Following the purchase, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Carlos R. Quezada acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $29.44 per share, with a total value of $58,880.00. Following the acquisition, the chief executive officer now owns 60,061 shares in the company, valued at $1,768,195.84. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shawn R. Phillips sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $29.73, for a total value of $148,650.00. Following the transaction, the vice president now directly owns 97,801 shares in the company, valued at $2,907,623.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and set a $40.00 price objective (up previously from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.

Carriage Services Stock Performance

Shares of CSV opened at $31.01 on Wednesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.85 and a quick ratio of 0.69. Carriage Services, Inc. has a one year low of $18.06 and a one year high of $35.00. The company’s fifty day moving average price is $31.94 and its 200 day moving average price is $28.80. The company has a market capitalization of $470.27 million, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.53 by $0.10. The firm had revenue of $102.32 million during the quarter, compared to analysts’ expectations of $94.40 million. Carriage Services had a return on equity of 21.99% and a net margin of 7.47%. As a group, analysts expect that Carriage Services, Inc. will post 2.34 earnings per share for the current year.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.