Quantbot Technologies LP Acquires 3,412 Shares of Carriage Services, Inc. (NYSE:CSV)

Quantbot Technologies LP boosted its holdings in Carriage Services, Inc. (NYSE:CSV) by 217.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,982 shares of the company’s stock after purchasing an additional 3,412 shares during the quarter. Quantbot Technologies LP’s holdings in Carriage Services were worth $199,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after buying an additional 271 shares during the period. R Squared Ltd bought a new position in Carriage Services during the fourth quarter worth $65,000. Point72 Asset Management L.P. grew its holdings in Carriage Services by 1,074.3% in the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after purchasing an additional 4,297 shares during the period. Intech Investment Management LLC bought a new stake in Carriage Services in the fourth quarter valued at $220,000. Finally, Verition Fund Management LLC acquired a new position in shares of Carriage Services during the third quarter valued at about $204,000. 66.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com downgraded Carriage Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barrington Research reissued an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a research note on Friday, February 28th.

Carriage Services Stock Performance

CSV opened at $38.87 on Friday. Carriage Services, Inc. has a 1-year low of $23.20 and a 1-year high of $42.75. The company has a market cap of $608.27 million, a price-to-earnings ratio of 17.43, a PEG ratio of 0.97 and a beta of 0.91. The company’s fifty day moving average price is $39.83 and its two-hundred day moving average price is $37.80. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.11. The business had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter last year, the firm earned $0.77 EPS. On average, analysts expect that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.16%. Carriage Services’s payout ratio is 21.43%.

Carriage Services Company Profile

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.