Carriage Services Inc. (CSV) Sees Large Volume Increase
Shares of Carriage Services Inc. (NYSE:CSV) saw unusually-strong trading volume on Thursday . Approximately 158,746 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 107,471 shares.The stock last traded at $23.67 and had previously closed at $23.47.
A number of equities analysts have commented on CSV shares. Sidoti started coverage on shares of Carriage Services in a research note on Friday, April 22nd. They issued a “buy” rating and a $34.00 target price on the stock. Zacks Investment Research downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Barrington Research upped their target price on shares of Carriage Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Carriage Services in a research note on Tuesday, April 26th.
The stock’s 50-day moving average price is $23.07 and its 200-day moving average price is $22.34. The firm has a market cap of $399.95 million and a PE ratio of 22.97.
Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $63.30 million for the quarter, compared to analyst estimates of $63.67 million. The business’s revenue was up .0% compared to the same quarter last year. Analysts predict that Carriage Services Inc. will post $1.73 EPS for the current year.
In other news, President David J. Decarlo bought 10,000 shares of Carriage Services stock in a transaction on Friday, June 17th. The shares were bought at an average cost of C$22.51 per share, with a total value of C$225,100.00. Following the completion of the purchase, the president now directly owns 106,047 shares of the company’s stock, valued at C$2,387,117.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carl Benjamin Brink bought 1,200 shares of Carriage Services stock in a transaction on Wednesday, June 1st. The shares were purchased at an average cost of C$23.54 per share, for a total transaction of C$28,248.00. Following the completion of the purchase, the insider now directly owns 5,999 shares of the company’s stock, valued at C$141,216.46. The disclosure for this purchase can be found here.
A number of institutional investors have recently modified their holdings of CSV. Boston Partners purchased a new position in shares of Carriage Services during the fourth quarter worth approximately $2,172,000. Bank of Montreal Can increased its stake in Carriage Services by 4,092.7% in the fourth quarter. Bank of Montreal Can now owns 313,028 shares of the company’s stock worth $7,544,000 after buying an additional 305,562 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in Carriage Services by 8.7% in the fourth quarter. Hodges Capital Management Inc. now owns 149,283 shares of the company’s stock worth $3,598,000 after buying an additional 11,970 shares during the period.
Carriage Services, Inc (Carriage) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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