Magnetar Financial LLC Buys Shares of 7,733 Carriage Services, Inc. (NYSE:CSV)

Magnetar Financial LLC purchased a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,733 shares of the company's stock, valued at approximately $308,000. Magnetar Financial LLC owned 0.05% of Carriage Services at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Carriage Services by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after acquiring an additional 13,126 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Carriage Services by 14.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock valued at $5,975,000 after purchasing an additional 18,661 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Carriage Services by 94.7% during the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after purchasing an additional 57,821 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Carriage Services by 6.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company's stock valued at $2,700,000 after buying an additional 4,850 shares during the last quarter. Finally, Praetorian PR LLC raised its position in Carriage Services by 15.2% during the 3rd quarter. Praetorian PR LLC now owns 80,000 shares of the company's stock worth $2,626,000 after buying an additional 10,578 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Price Performance

CSV stock traded up $0.23 during midday trading on Thursday, hitting $38.82. 61,919 shares of the stock were exchanged, compared to its average volume of 108,567. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market cap of $607.56 million, a price-to-earnings ratio of 17.41, a PEG ratio of 0.97 and a beta of 0.91. Carriage Services, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $42.75. The stock's 50-day moving average price is $39.87 and its 200-day moving average price is $37.71.

Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. The business had revenue of $97.70 million for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.77 EPS. Research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

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

Analyst Upgrades and Downgrades

CSV has been the subject of several analyst reports. StockNews.com cut shares of Carriage Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and issued a $50.00 price target on shares of Carriage Services in a report on Friday, February 28th.

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.