Carriage Services Inc. (CSV) Position Lowered by California State Teachers Retirement System
California State Teachers Retirement System decreased its position in shares of Carriage Services Inc. (NYSE:CSV) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,999 shares of the company’s stock after selling 1,326 shares during the period. California State Teachers Retirement System owned about 0.19% of Carriage Services worth $734,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CSV. Capital Planning Advisors LLC bought a new stake in shares of Carriage Services during the second quarter worth about $215,000. 1st Global Advisors Inc. raised its stake in shares of Carriage Services by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 12,164 shares of the company’s stock worth $288,000 after buying an additional 73 shares in the last quarter. Adirondack Research & Management Inc. bought a new stake in shares of Carriage Services during the first quarter worth about $330,000. Eqis Capital Management Inc. raised its stake in shares of Carriage Services by 3.6% in the second quarter. Eqis Capital Management Inc. now owns 14,479 shares of the company’s stock worth $343,000 after buying an additional 506 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake in shares of Carriage Services by 36.4% in the first quarter. Boothbay Fund Management LLC now owns 17,445 shares of the company’s stock worth $377,000 after buying an additional 4,655 shares in the last quarter. 77.51% of the stock is owned by hedge funds and other institutional investors.
Carriage Services Inc. (NYSE:CSV) traded up 0.13% during mid-day trading on Monday, reaching $23.68. 24,271 shares of the company were exchanged. The stock’s 50-day moving average price is $23.52 and its 200-day moving average price is $23.15. Carriage Services Inc. has a 1-year low of $19.03 and a 1-year high of $25.96. The stock has a market capitalization of $394.08 million, a price-to-earnings ratio of 21.16 and a beta of 0.85.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Carriage Services had a net margin of 8.01% and a return on equity of 16.56%. The firm earned $61.87 million during the quarter, compared to analyst estimates of $61.34 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Carriage Services Inc. will post $1.70 EPS for the current fiscal year.
A number of brokerages have recently issued reports on CSV. Barrington Research boosted their target price on shares of Carriage Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 22nd. Zacks Investment Research lowered shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 29th.
About Carriage Services
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
Want to see what other hedge funds are holding CSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carriage Services Inc. (NYSE:CSV).
Receive News & Ratings for Carriage Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.