Swiss National Bank Has $624,000 Position in Carriage Services Inc. (CSV)
Swiss National Bank cut its stake in shares of Carriage Services Inc. (NYSE:CSV) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 26,371 shares of the company’s stock after selling 1,500 shares during the period. Swiss National Bank owned 0.16% of Carriage Services worth $624,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Capital Planning Advisors LLC acquired a new stake in Carriage Services during the second quarter valued at about $215,000. 1st Global Advisors Inc. raised its stake in Carriage Services by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 12,164 shares of the company’s stock valued at $288,000 after buying an additional 73 shares during the last quarter. Adirondack Research & Management Inc. acquired a new stake in Carriage Services during the first quarter valued at about $330,000. Eqis Capital Management Inc. raised its stake in Carriage Services by 3.6% in the second quarter. Eqis Capital Management Inc. now owns 14,479 shares of the company’s stock valued at $343,000 after buying an additional 506 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its stake in Carriage Services by 36.4% in the first quarter. Boothbay Fund Management LLC now owns 17,445 shares of the company’s stock valued at $377,000 after buying an additional 4,655 shares during the last quarter. 77.50% of the stock is owned by institutional investors and hedge funds.
Carriage Services Inc. (NYSE:CSV) traded up 0.81% on Thursday, reaching $23.66. 23,205 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $23.45 and its 200-day moving average is $23.30. Carriage Services Inc. has a 12 month low of $19.03 and a 12 month high of $25.96. The firm has a market cap of $393.75 million, a PE ratio of 21.14 and a beta of 0.85.
Carriage Services (NYSE:CSV) last posted its earnings results on Tuesday, July 26th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm earned $61.87 million during the quarter, compared to analyst estimates of $61.34 million. Carriage Services had a return on equity of 16.56% and a net margin of 8.01%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities analysts forecast that Carriage Services Inc. will post $1.70 earnings per share for the current year.
CSV has been the subject of several analyst reports. Zacks Investment Research raised shares of Carriage Services from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Barrington Research lifted their price objective 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.
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.
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