Carriage Services Inc. (CSV) Sees Large Volume Increase
Shares of Carriage Services Inc. (NYSE:CSV) saw unusually-high trading volume on Thursday . Approximately 164,433 shares traded hands during trading, an increase of 56% from the previous session’s volume of 105,534 shares.The stock last traded at $24.42 and had previously closed at $24.19.
CSV has been the subject of several research analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Carriage Services in a research report on Tuesday, April 26th. Sidoti initiated coverage on shares of Carriage Services in a research report on Friday, April 22nd. They set a “buy” rating and a $34.00 target price for the company. Zacks Investment Research upgraded shares of Carriage Services from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, April 27th. Finally, Barrington Research lifted their target price on shares of Carriage Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, April 26th.
The company has a 50-day moving average of $23.38 and a 200-day moving average of $22.38. The firm has a market cap of $413.92 million and a PE ratio of 23.77.
Carriage Services (NYSE:CSV) last released its quarterly earnings results on Monday, April 25th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The business had revenue of $63.30 million for the quarter, compared to analysts’ expectations of $63.67 million. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Carriage Services Inc. will post $1.73 EPS for the current fiscal year.
In other Carriage Services news, President David J. Decarlo purchased 10,000 shares of Carriage Services stock in a transaction dated Friday, June 17th. The stock was purchased at an average price of C$22.51 per share, with a total value of C$225,100.00. Following the transaction, 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 document filed with the SEC, which is available through this link. Also, insider Carl Benjamin Brink purchased 1,200 shares of Carriage Services stock in a transaction dated Wednesday, June 1st. The shares were acquired at an average cost of C$23.54 per share, with a total value of C$28,248.00. Following the transaction, the insider now directly owns 5,999 shares in the company, valued at C$141,216.46. The disclosure for this purchase can be found here.
A number of large investors have recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in Carriage Services during the fourth quarter valued at about $2,172,000. Bank of Montreal Can raised 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 valued at $7,544,000 after buying an additional 305,562 shares in the last quarter. Finally, Hodges Capital Management Inc. raised 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 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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