Carriage Services, Inc. $CSV Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC lowered its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,000 shares of the company’s stock after selling 15,000 shares during the quarter. Carriage Services makes up about 2.0% of Manatuck Hill Partners LLC’s holdings, making the stock its 16th biggest position. Manatuck Hill Partners LLC owned 0.87% of Carriage Services worth $5,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in Carriage Services by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock worth $404,000 after purchasing an additional 258 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in Carriage Services by 6.4% during the third quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company’s stock worth $213,000 after purchasing an additional 289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Carriage Services by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after purchasing an additional 312 shares in the last quarter. Prudential Financial Inc. raised its holdings in Carriage Services by 3.0% during the second quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock worth $514,000 after purchasing an additional 330 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Carriage Services by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock worth $456,000 after purchasing an additional 446 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of Carriage Services stock opened at $37.96 on Thursday. The firm’s fifty day simple moving average is $44.37 and its 200-day simple moving average is $43.75. The stock has a market capitalization of $602.39 million, a price-to-earnings ratio of 13.75, a PEG ratio of 0.75 and a beta of 0.83. Carriage Services, Inc. has a 12 month low of $37.11 and a 12 month high of $52.10. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $106.12 million for the quarter, compared to analysts’ expectations of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, equities analysts forecast that Carriage Services, Inc. will post 3.45 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 4th. Carriage Services’s payout ratio is presently 16.30%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSV. Weiss Ratings cut shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.67.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.