Connor Clark & Lunn Investment Management Ltd. Boosts Stake in Carriage Services, Inc. (NYSE:CSV)

Connor Clark & Lunn Investment Management Ltd. increased its position in Carriage Services, Inc. (NYSE:CSV - Free Report) by 92.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,642 shares of the company's stock after buying an additional 24,263 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.33% of Carriage Services worth $2,018,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CSV. Kingsview Wealth Management LLC bought a new position in Carriage Services in the 3rd quarter worth $2,151,000. JPMorgan Chase & Co. boosted its holdings in Carriage Services by 94.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after buying an additional 57,821 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Carriage Services in the 4th quarter worth $2,272,000. NFJ Investment Group LLC bought a new position in Carriage Services in the 3rd quarter worth $1,784,000. Finally, Sanctuary Advisors LLC purchased a new stake in Carriage Services in the 4th quarter worth $1,159,000. Institutional investors own 66.46% of the company's stock.

Carriage Services Price Performance

CSV stock traded down $0.07 during mid-day trading on Friday, hitting $38.25. The company had a trading volume of 177,326 shares, compared to its average volume of 109,053. The company has a market capitalization of $598.68 million, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.97 and a beta of 0.91. Carriage Services, Inc. has a 12-month low of $23.20 and a 12-month high of $42.75. 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 company has a 50-day moving average price of $39.95 and a 200 day moving average price of $37.56.

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Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The firm 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 period in the prior year, the company earned $0.77 EPS. On average, research analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Monday, February 3rd. Carriage Services's dividend payout ratio is 21.43%.

Analysts Set New Price Targets

Several brokerages have commented on CSV. StockNews.com cut shares of Carriage Services from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Barrington Research reiterated an "outperform" rating and issued a $50.00 price target on shares of Carriage Services in a research note on Friday, February 28th.

Carriage Services 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.