Carriage Services, Inc. (NYSE:CSV) Position Held by Weber Alan W
Weber Alan W continued to hold its stake in shares of Carriage Services, Inc. (NYSE:CSV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,315 shares of the company’s stock at the end of the second quarter. Carriage Services comprises about 1.9% of Weber Alan W’s investment portfolio, making the stock its 13th largest position. Weber Alan W’s holdings in Carriage Services were worth $3,540,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc raised its stake in shares of Carriage Services by 0.8% in the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock valued at $110,000 after buying an additional 31 shares during the period. Baker Ellis Asset Management LLC raised its stake in shares of Carriage Services by 2.5% in the second quarter. Baker Ellis Asset Management LLC now owns 6,150 shares of the company’s stock valued at $166,000 after buying an additional 150 shares during the period. Trexquant Investment LP bought a new stake in shares of Carriage Services during the second quarter valued at about $202,000. Karp Capital Management Corp bought a new stake in shares of Carriage Services during the first quarter valued at about $245,000. Finally, American International Group Inc. raised its stake in shares of Carriage Services by 7.1% in the first quarter. American International Group Inc. now owns 9,107 shares of the company’s stock valued at $247,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.
Carriage Services, Inc. (NYSE:CSV) opened at 24.52 on Thursday. The firm has a market capitalization of $409.97 million, a P/E ratio of 20.76 and a beta of 0.92. Carriage Services, Inc. has a 52-week low of $22.53 and a 52-week high of $29.11. The firm has a 50-day moving average price of $26.06 and a 200 day moving average price of $26.56.
Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.40 by $0.10. The company had revenue of $63.87 million for the quarter, compared to analysts’ expectations of $64.35 million. Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Analysts forecast that Carriage Services, Inc. will post $1.62 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. Carriage Services’s payout ratio is currently 16.95%.
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Several analysts recently issued reports on CSV shares. Jefferies Group LLC restated a “hold” rating and issued a $82.00 price objective on shares of Carriage Services in a report on Monday, June 12th. Zacks Investment Research upgraded shares of Carriage Services from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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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