Jane Street Group LLC Has $1.62 Million Stock Position in Carriage Services, Inc. (NYSE:CSV)

Jane Street Group LLC lowered its stake in Carriage Services, Inc. (NYSE:CSV) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,481 shares of the company’s stock after selling 3,720 shares during the quarter. Jane Street Group LLC owned approximately 0.33% of Carriage Services worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Asset Management L.P. raised its position in Carriage Services by 1,074.3% during the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after buying an additional 4,297 shares during the period. Penn Mutual Asset Management acquired a new position in shares of Carriage Services in the third quarter worth $433,000. Maven Securities LTD raised its stake in shares of Carriage Services by 34.9% during the 3rd quarter. Maven Securities LTD now owns 20,000 shares of the company’s stock worth $657,000 after purchasing an additional 5,176 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Carriage Services during the 3rd quarter valued at about $1,784,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Carriage Services by 6.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company’s stock valued at $2,700,000 after buying an additional 4,850 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analyst Ratings Changes

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

Carriage Services Price Performance

Shares of NYSE:CSV opened at $40.45 on Friday. The stock has a market capitalization of $615.77 million, a P/E ratio of 18.14, a P/E/G ratio of 1.07 and a beta of 0.93. The business has a 50-day moving average of $38.28 and a two-hundred day moving average of $33.16. Carriage Services, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $42.13. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

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

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.45 dividend on an annualized basis and a yield of 1.11%. Carriage Services’s payout ratio is presently 20.18%.

Insider Buying and Selling

In related news, VP Paul Donald Elliott sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the transaction, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. The trade was a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.30% of the company’s stock.

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.