Carriage Services, Inc. (NYSE:CSV) Position Lessened by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in Carriage Services, Inc. (NYSE:CSV - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,600 shares of the company's stock after selling 11,950 shares during the quarter. Heartland Advisors Inc. owned 2.19% of Carriage Services worth $13,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Carriage Services by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock worth $10,339,000 after buying an additional 13,126 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Carriage Services by 14.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock worth $5,975,000 after buying an additional 18,661 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Carriage Services by 20.3% in the fourth quarter. JPMorgan Chase & Co. now owns 142,989 shares of the company's stock valued at $5,698,000 after buying an additional 24,098 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Carriage Services by 6.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company's stock valued at $2,700,000 after acquiring an additional 4,850 shares during the period. Finally, Praetorian PR LLC grew its position in shares of Carriage Services by 15.2% during the third quarter. Praetorian PR LLC now owns 80,000 shares of the company's stock worth $2,626,000 after acquiring an additional 10,578 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company's stock.

Carriage Services Price Performance

NYSE CSV traded up $0.04 on Tuesday, reaching $38.79. The company's stock had a trading volume of 12,657 shares, compared to its average volume of 111,839. The firm's 50 day moving average is $39.80 and its two-hundred day moving average is $37.89. The stock has a market cap of $606.99 million, a PE ratio of 17.41, a PEG ratio of 0.97 and a beta of 0.91. 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 twelve month low of $23.20 and a twelve month high of $42.75.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.11. The company had revenue of $97.70 million during the quarter, compared to the consensus estimate of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, sell-side analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, February 3rd. Carriage Services's dividend payout ratio is presently 21.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CSV shares. Barrington Research reissued an "outperform" rating and set a $50.00 target price on shares of Carriage Services in a research note on Friday, February 28th. StockNews.com lowered Carriage Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.

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.