Carriage Services, Inc. (NYSE:CSV) Shares Acquired by LSV Asset Management

LSV Asset Management raised its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,917 shares of the company's stock after purchasing an additional 65,358 shares during the quarter. LSV Asset Management owned 3.88% of Carriage Services worth $23,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CSV. Martingale Asset Management L P purchased a new position in Carriage Services in the fourth quarter worth about $234,000. Invesco Ltd. increased its position in shares of Carriage Services by 4.8% during the 4th quarter. Invesco Ltd. now owns 31,839 shares of the company's stock valued at $1,269,000 after purchasing an additional 1,469 shares during the last quarter. Polymer Capital Management US LLC purchased a new stake in Carriage Services during the 4th quarter valued at $202,000. Cerity Partners LLC bought a new stake in Carriage Services in the fourth quarter worth $256,000. Finally, Wells Fargo & Company MN increased its position in Carriage Services by 61.2% during the fourth quarter. Wells Fargo & Company MN now owns 8,084 shares of the company's stock valued at $322,000 after acquiring an additional 3,069 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Carriage Services Stock Up 1.8 %

Shares of CSV stock traded up $0.70 on Thursday, hitting $39.50. The stock had a trading volume of 35,578 shares, compared to its average volume of 115,691. Carriage Services, Inc. has a one year low of $23.20 and a one year 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 market cap of $618.18 million, a PE ratio of 17.71, a P/E/G ratio of 0.97 and a beta of 0.77. The business has a 50 day moving average price of $39.00 and a 200 day moving average price of $38.25.

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

About Carriage Services

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.