Barclays PLC Raises Holdings in Carriage Services, Inc. (NYSE:CSV)

Barclays PLC grew its position in shares of Carriage Services, Inc. (NYSE:CSV) by 228.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 20,433 shares of the company’s stock after acquiring an additional 14,215 shares during the quarter. Barclays PLC owned about 0.13% of Carriage Services worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSV. FMR LLC raised its stake in shares of Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares during the period. nVerses Capital LLC increased its position in shares of Carriage Services by 550.0% during the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after acquiring an additional 1,100 shares during the period. Point72 DIFC Ltd raised its position in Carriage Services by 613.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after purchasing an additional 1,600 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in shares of Carriage Services by 5,001.0% in the 2nd quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock worth $137,000 after buying an additional 5,001 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Carriage Services by 1,074.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after buying an additional 4,297 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research lifted their price objective on Carriage Services from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

Insider Activity

In other Carriage Services news, VP Paul Donald Elliott sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the sale, the vice president now owns 34,166 shares in the company, valued at approximately $1,290,791.48. The trade was a 12.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.30% of the company’s stock.

Carriage Services Trading Up 0.5 %

Shares of NYSE:CSV opened at $39.85 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $606.64 million, a PE ratio of 17.87, a P/E/G ratio of 1.07 and a beta of 0.93. Carriage Services, Inc. has a 12-month low of $22.84 and a 12-month high of $42.13. The business’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $33.51.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.19. The company had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period last year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.1125 per share. The ex-dividend date was Monday, November 4th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.13%. Carriage Services’s payout ratio is 20.18%.

About Carriage Services

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.