Carriage Services Inc. (CSV) Sees Unusually-High Trading Volume
Shares of Carriage Services Inc. (NYSE:CSV) saw unusually-strong trading volume on Friday . Approximately 78,247 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 105,354 shares.The stock last traded at $24.29 and had previously closed at $24.32.
Several equities analysts recently commented on CSV shares. Sidoti started coverage on shares of Carriage Services in a report on Friday, April 22nd. They set a “buy” rating and a $34.00 price target on the stock. Barrington Research upped their price target on shares of Carriage Services from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, April 26th. Zacks Investment Research downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Carriage Services in a report on Tuesday, April 26th.
The stock’s 50 day moving average is $23.20 and its 200-day moving average is $22.35. The company has a market capitalization of $404.44 million and a P/E ratio of 23.23.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $63.30 million for the quarter, compared to analysts’ expectations of $63.67 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts anticipate that Carriage Services Inc. will post $1.73 earnings per share for the current year.
In other Carriage Services news, President David J. Decarlo purchased 10,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were purchased 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 owns 106,047 shares in the company, valued at approximately C$2,387,117.97. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Carl Benjamin Brink purchased 1,200 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was acquired 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 owns 5,999 shares of the company’s stock, valued at approximately C$141,216.46. The disclosure for this purchase can be found here.
Several institutional investors have bought and sold shares of the company. Boston Partners acquired a new position in Carriage Services during the fourth quarter valued at $2,172,000. Bank of Montreal Can increased its position 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 valued at $7,544,000 after buying an additional 305,562 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position in Carriage Services by 8.7% in the fourth quarter. Hodges Capital Management Inc. now owns 149,283 shares of the company’s stock valued at $3,598,000 after buying an additional 11,970 shares in the last quarter.
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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