Carriage Services, Inc. (NYSE:CSV) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its stake in Carriage Services, Inc. (NYSE:CSV) by 1,074.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,697 shares of the company’s stock after acquiring an additional 4,297 shares during the quarter. Point72 Asset Management L.P.’s holdings in Carriage Services were worth $154,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in shares of Carriage Services by 201.5% in the second quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock valued at $6,166,000 after acquiring an additional 153,538 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Carriage Services by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after purchasing an additional 46,700 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its stake in Carriage Services by 198.0% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 53,584 shares of the company’s stock worth $1,438,000 after purchasing an additional 35,605 shares during the last quarter. Penn Mutual Asset Management acquired a new stake in Carriage Services during the 3rd quarter worth $433,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Carriage Services during the third quarter worth $4,310,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of Carriage Services stock opened at $40.54 on Friday. The business’s 50 day moving average price is $36.59 and its 200 day moving average price is $32.34. The company has a market cap of $617.02 million, a price-to-earnings ratio of 18.18, a PEG ratio of 1.07 and a beta of 0.93. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. Carriage Services, Inc. has a one year low of $22.84 and a one year high of $40.91.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.45 by $0.19. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The business had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.11%. Carriage Services’s dividend payout ratio (DPR) is 20.18%.

Analyst Ratings Changes

Separately, Barrington Research boosted their price target on shares of Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

Insider Transactions at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the transaction, the vice president now directly owns 34,166 shares in the company, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.10% of the company’s stock.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.