Cubist Systematic Strategies LLC Boosts Stake in Carriage Services, Inc. (NYSE:CSV)

Cubist Systematic Strategies LLC lifted its holdings in Carriage Services, Inc. (NYSE:CSV) by 127.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,549 shares of the company’s stock after purchasing an additional 20,490 shares during the period. Cubist Systematic Strategies LLC owned about 0.24% of Carriage Services worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CSV. BNP Paribas Financial Markets raised its stake in shares of Carriage Services by 741.8% during the 1st quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after buying an additional 77,439 shares during the period. GSA Capital Partners LLP increased its stake in shares of Carriage Services by 202.9% during the first quarter. GSA Capital Partners LLP now owns 51,023 shares of the company’s stock worth $1,380,000 after purchasing an additional 34,178 shares in the last quarter. Harbert Fund Advisors Inc. raised its position in shares of Carriage Services by 31.5% during the 4th quarter. Harbert Fund Advisors Inc. now owns 208,497 shares of the company’s stock worth $5,215,000 after purchasing an additional 50,000 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Carriage Services in the 1st quarter valued at about $1,517,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Carriage Services by 201.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock worth $6,166,000 after buying an additional 153,538 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Price Performance

Shares of NYSE CSV opened at $32.42 on Thursday. The firm has a 50-day simple moving average of $31.93 and a 200-day simple moving average of $28.48. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $491.65 million, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. Carriage Services, Inc. has a 52 week low of $18.06 and a 52 week high of $35.00.

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

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.45 annualized dividend and a dividend yield of 1.39%. Carriage Services’s dividend payout ratio is presently 22.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Insider Activity

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

Carriage Services 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.