Carriage Services, Inc. (CSV) Shares Sold by Flinton Capital Management LLC
Flinton Capital Management LLC decreased its position in shares of Carriage Services, Inc. (NYSE:CSV) by 25.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,368 shares of the company’s stock after selling 10,112 shares during the period. Flinton Capital Management LLC owned 0.18% of Carriage Services worth $819,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in Carriage Services by 0.8% during the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock worth $110,000 after buying an additional 31 shares during the period. Baker Ellis Asset Management LLC increased its position in Carriage Services by 2.5% during the second quarter. Baker Ellis Asset Management LLC now owns 6,150 shares of the company’s stock worth $166,000 after buying an additional 150 shares during the period. Falcon Point Capital LLC increased its position in Carriage Services by 0.4% during the second quarter. Falcon Point Capital LLC now owns 72,073 shares of the company’s stock worth $1,943,000 after buying an additional 304 shares during the period. Stratos Wealth Partners LTD. increased its position in Carriage Services by 0.3% during the second quarter. Stratos Wealth Partners LTD. now owns 155,143 shares of the company’s stock worth $4,183,000 after buying an additional 388 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Carriage Services by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 57,483 shares of the company’s stock worth $1,550,000 after buying an additional 489 shares during the period. 86.60% of the stock is currently owned by institutional investors.
In other news, CEO Melvin C. Payne sold 100,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the sale, the chief executive officer now directly owns 1,131,753 shares in the company, valued at approximately $26,992,309.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.40% of the stock is currently owned by corporate insiders.
Carriage Services, Inc. (NYSE CSV) opened at 25.53 on Friday. Carriage Services, Inc. has a 52-week low of $23.11 and a 52-week high of $29.11. The firm’s 50-day moving average price is $24.61 and its 200 day moving average price is $25.99. The firm has a market cap of $426.86 million, a price-to-earnings ratio of 21.62 and a beta of 0.89.
Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The firm had revenue of $63.87 million for the quarter, compared to the consensus estimate of $64.35 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Carriage Services, Inc. will post $1.62 EPS for the current year.
Several research analysts have commented on the company. Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 price target on shares of Carriage Services in a research report on Monday, June 12th.
About Carriage Services
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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