MQS Management LLC Acquires New Holdings in Carriage Services, Inc. $CSV

MQS Management LLC bought a new stake in shares of Carriage Services, Inc. (NYSE:CSV) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,669 shares of the company’s stock, valued at approximately $742,000. MQS Management LLC owned 0.11% of Carriage Services as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CSV. Navellier & Associates Inc. raised its holdings in shares of Carriage Services by 88.2% during the third quarter. Navellier & Associates Inc. now owns 26,932 shares of the company’s stock valued at $1,200,000 after buying an additional 12,621 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in Carriage Services by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 20,516 shares of the company’s stock valued at $914,000 after acquiring an additional 862 shares during the period. Jones Financial Companies Lllp increased its position in Carriage Services by 112.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,011 shares of the company’s stock valued at $46,000 after acquiring an additional 536 shares during the period. Principal Financial Group Inc. raised its stake in Carriage Services by 40.3% during the 3rd quarter. Principal Financial Group Inc. now owns 9,097 shares of the company’s stock valued at $405,000 after acquiring an additional 2,612 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Carriage Services by 427,600.0% during the 3rd quarter. AlphaQuest LLC now owns 8,554 shares of the company’s stock worth $381,000 after acquiring an additional 8,552 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSV. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research report on Monday, January 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Carriage Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Price Performance

CSV stock opened at $44.33 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. Carriage Services, Inc. has a one year low of $35.51 and a one year high of $49.41. The firm has a market capitalization of $697.75 million, a PE ratio of 14.25, a P/E/G ratio of 0.85 and a beta of 0.95. The firm has a 50-day moving average of $43.00 and a two-hundred day moving average of $43.79.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, February 2nd. Carriage Services’s dividend payout ratio is 14.47%.

About Carriage Services

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.