Spark Investment Management LLC Has $242,000 Stake in Carriage Services, Inc. (CSV)
Spark Investment Management LLC continued to hold its position in Carriage Services, Inc. (NYSE:CSV) during the second quarter, Holdings Channel reports. The fund owned 9,000 shares of the company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Carriage Services were worth $242,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in Carriage Services by 0.8% in 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 in the last quarter. Palouse Capital Management Inc. increased its position in Carriage Services by 1.2% in the first quarter. Palouse Capital Management Inc. now owns 9,718 shares of the company’s stock worth $264,000 after buying an additional 115 shares in the last quarter. Teachers Advisors LLC increased its position in Carriage Services by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 32,592 shares of the company’s stock worth $933,000 after buying an additional 401 shares in the last quarter. American International Group Inc. increased its position in Carriage Services by 7.1% in the first quarter. American International Group Inc. now owns 9,107 shares of the company’s stock worth $247,000 after buying an additional 606 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Carriage Services by 7.6% in the second quarter. Aperio Group LLC now owns 9,702 shares of the company’s stock worth $262,000 after buying an additional 686 shares during the last quarter. 86.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carriage Services, Inc. (NYSE CSV) opened at 24.07 on Wednesday. The company has a market capitalization of $402.45 million, a PE ratio of 20.38 and a beta of 0.92. The stock’s 50 day moving average price is $25.79 and its 200-day moving average price is $26.49. Carriage Services, Inc. has a 1-year low of $22.53 and a 1-year high of $29.11.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.40 by $0.10. Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. The business had revenue of $63.87 million for the quarter, compared to analysts’ expectations of $64.35 million. During the same period last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that Carriage Services, Inc. will post $1.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. Carriage Services’s dividend payout ratio (DPR) is presently 16.95%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 31st. BidaskClub cut Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $82.00 target price on shares of Carriage Services in a research note on Monday, June 12th.
Carriage Services Company Profile
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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