Rhumbline Advisers Purchases 12,180 Shares of Carriage Services, Inc. (NYSE:CSV)

Rhumbline Advisers boosted its stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,226 shares of the company's stock after acquiring an additional 12,180 shares during the period. Rhumbline Advisers owned 0.21% of Carriage Services worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company's stock valued at $28,000 after acquiring an additional 271 shares during the last quarter. R Squared Ltd bought a new position in Carriage Services in the fourth quarter valued at approximately $65,000. Point72 Asset Management L.P. increased its stake in Carriage Services by 1,074.3% in the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company's stock valued at $154,000 after acquiring an additional 4,297 shares during the last quarter. Verition Fund Management LLC bought a new position in Carriage Services in the third quarter valued at approximately $204,000. Finally, Principal Financial Group Inc. bought a new position in Carriage Services in the third quarter valued at approximately $232,000. Institutional investors own 66.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSV. StockNews.com raised shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Barrington Research reaffirmed an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a report on Friday, February 28th.

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Carriage Services Trading Up 0.6 %

Shares of NYSE:CSV traded up $0.22 during midday trading on Friday, hitting $38.74. 107,193 shares of the stock were exchanged, compared to its average volume of 108,575. The stock has a market capitalization of $606.28 million, a price-to-earnings ratio of 17.37, a P/E/G 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. The business's 50-day moving average price is $40.19 and its 200 day moving average price is $37.20. Carriage Services, Inc. has a 12 month low of $23.20 and a 12 month high of $42.75.

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 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 firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $96.72 million. During the same quarter in the previous year, the company posted $0.77 EPS. Analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

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

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.