Carriage Services (NYSE:CSV) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $39.68 and traded as high as $40.07. Carriage Services shares last traded at $39.56, with a volume of 94,930 shares traded.

Analyst Upgrades and Downgrades

Separately, Barrington Research increased their target price on shares of Carriage Services from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, January 6th.

Carriage Services Trading Up 0.8 %

The business has a 50-day moving average price of $39.71 and a 200-day moving average price of $34.31. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $608.80 million, a P/E ratio of 17.94, a PEG ratio of 1.08 and a beta of 0.93.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.19. The firm had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Insider Buying and Selling

In other Carriage Services news, VP Paul Donald Elliott sold 5,000 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now directly owns 34,166 shares in the company, valued at $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 12.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased 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 purchasing an additional 271 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of Carriage Services by 613.0% during the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company's stock worth $50,000 after buying an additional 1,600 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Carriage Services by 1,074.3% during the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company's stock worth $154,000 after buying an additional 4,297 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Carriage Services in the third quarter valued at approximately $204,000. Finally, XTX Topco Ltd acquired a new position in shares of Carriage Services in the 2nd quarter worth approximately $207,000. 66.46% of the stock is owned by institutional investors.

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.