XTX Topco Ltd Purchases New Position in Carriage Services, Inc. (NYSE:CSV)

XTX Topco Ltd purchased a new stake in Carriage Services, Inc. (NYSE:CSV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,727 shares of the company’s stock, valued at approximately $207,000. XTX Topco Ltd owned 0.05% of Carriage Services as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in shares of Carriage Services by 8.2% in the second quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after acquiring an additional 46,700 shares during the period. Heartland Advisors Inc. grew its position in shares of Carriage Services by 7.4% during the 1st quarter. Heartland Advisors Inc. now owns 342,500 shares of the company’s stock worth $9,261,000 after purchasing an additional 23,454 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Carriage Services by 201.5% in the second quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock valued at $6,166,000 after buying an additional 153,538 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Carriage Services by 23.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,891 shares of the company’s stock valued at $5,274,000 after buying an additional 39,525 shares in the last quarter. Finally, Harbert Fund Advisors Inc. raised its position in shares of Carriage Services by 31.5% in the fourth quarter. Harbert Fund Advisors Inc. now owns 208,497 shares of the company’s stock valued at $5,215,000 after buying an additional 50,000 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Mkm restated 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.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, VP Shawn R. Phillips sold 7,101 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the transaction, the vice president now owns 90,700 shares of the company’s stock, valued at $2,721,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Shawn R. Phillips sold 5,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $29.73, for a total transaction of $148,650.00. Following the sale, the vice president now owns 97,801 shares in the company, valued at approximately $2,907,623.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.00, for a total value of $213,030.00. Following the completion of the transaction, the vice president now owns 90,700 shares of the company’s stock, valued at $2,721,000. The disclosure for this sale can be found here. Company insiders own 12.10% of the company’s stock.

Carriage Services Trading Down 0.3 %

Shares of Carriage Services stock opened at $32.82 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14. Carriage Services, Inc. has a 12-month low of $18.06 and a 12-month high of $35.00. The company has a market capitalization of $497.72 million, a price-to-earnings ratio of 16.17, a PEG ratio of 0.94 and a beta of 0.94. The firm’s 50-day moving average price is $31.84 and its two-hundred day moving average price is $28.37.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. The business had revenue of $102.32 million for the quarter, compared to analysts’ expectations of $94.40 million. On average, analysts forecast that Carriage Services, Inc. will post 2.34 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, August 5th. Carriage Services’s dividend payout ratio (DPR) is presently 22.17%.

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.