Integrated Quantitative Investments LLC Purchases New Position in Carriage Services, Inc. (NYSE:CSV)

Integrated Quantitative Investments LLC acquired a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,896 shares of the company's stock, valued at approximately $355,000. Integrated Quantitative Investments LLC owned approximately 0.06% of Carriage Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSV. FMR LLC grew its position in 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 during the last quarter. R Squared Ltd acquired a new position in Carriage Services in the fourth quarter valued at approximately $65,000. Point72 Asset Management L.P. boosted its position in Carriage Services by 1,074.3% in the 3rd 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 in the last quarter. Quantbot Technologies LP grew its stake in shares of Carriage Services by 217.3% during the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock worth $199,000 after purchasing an additional 3,412 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Carriage Services during the 4th quarter valued at approximately $220,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Trading Down 0.6 %

NYSE:CSV traded down $0.22 on Thursday, reaching $36.84. 109,780 shares of the company's stock were exchanged, compared to its average volume of 131,009. The firm has a market capitalization of $576.47 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77. The business has a fifty day moving average of $39.27 and a 200-day moving average of $38.10. Carriage Services, Inc. has a 52-week low of $23.20 and a 52-week 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.

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

Carriage Services Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, February 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.22%. Carriage Services's dividend payout ratio (DPR) is currently 21.43%.

Analyst Ratings Changes

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

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.