Baker Ellis Asset Management LLC Has $142,000 Position in Carriage Services Inc. (CSV)
Baker Ellis Asset Management LLC continued to hold its position in shares of Carriage Services Inc. (NYSE:CSV) during the second quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in Carriage Services were worth $142,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CSV. Renaissance Technologies LLC increased its stake in shares of Carriage Services by 9.4% in the first quarter. Renaissance Technologies LLC now owns 757,740 shares of the company’s stock valued at $16,375,000 after buying an additional 65,240 shares during the last quarter. Falcon Point Capital LLC increased its stake in shares of Carriage Services by 12.5% in the second quarter. Falcon Point Capital LLC now owns 84,242 shares of the company’s stock valued at $1,995,000 after buying an additional 9,357 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Carriage Services during the second quarter valued at $8,829,000. Essex Investment Management Co. LLC increased its stake in shares of Carriage Services by 10.4% in the second quarter. Essex Investment Management Co. LLC now owns 110,880 shares of the company’s stock valued at $2,626,000 after buying an additional 10,476 shares during the last quarter. Finally, Adirondack Research & Management Inc. purchased a new stake in shares of Carriage Services during the first quarter valued at $330,000. 77.51% of the stock is currently owned by institutional investors.
Carriage Services Inc. (NYSE:CSV) traded down 0.90% during mid-day trading on Friday, reaching $23.21. 59,080 shares of the company were exchanged. Carriage Services Inc. has a 12 month low of $19.03 and a 12 month high of $25.96. The stock has a market capitalization of $386.26 million, a P/E ratio of 20.74 and a beta of 0.85. The company’s 50 day moving average price is $23.48 and its 200-day moving average price is $23.25.
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 Zacks’ 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 company had revenue of $61.87 million for the quarter, compared to the consensus estimate of $61.34 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Carriage Services Inc. will post $1.70 earnings per share for the current fiscal year.
CSV has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Barrington Research lifted their target price on shares of Carriage Services from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 22nd.
Carriage Services Company Profile
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.
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