Renaissance Technologies LLC Buys 19,100 Shares of Carriage Services, Inc. (CSV)
Renaissance Technologies LLC lifted its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 876,700 shares of the company’s stock after purchasing an additional 19,100 shares during the period. Renaissance Technologies LLC owned 5.24% of Carriage Services worth $23,636,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of Carriage Services by 3.2% during the 2nd quarter. California Public Employees Retirement System now owns 126,300 shares of the company’s stock worth $3,405,000 after purchasing an additional 3,900 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Carriage Services by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 672,941 shares of the company’s stock worth $18,142,000 after purchasing an additional 67,928 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Carriage Services by 160.7% during the 2nd quarter. GSA Capital Partners LLP now owns 53,534 shares of the company’s stock worth $1,443,000 after purchasing an additional 33,000 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Carriage Services by 25.5% during the 2nd quarter. New York State Common Retirement Fund now owns 18,700 shares of the company’s stock worth $504,000 after purchasing an additional 3,799 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Carriage Services by 820.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,263 shares of the company’s stock worth $115,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
Several brokerages have recently weighed in on CSV. Jefferies Group LLC restated a “hold” rating and set a $82.00 target price on shares of Carriage Services in a report on Monday, June 12th. Zacks Investment Research upgraded Carriage Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub cut Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Carriage Services, Inc. (NYSE CSV) opened at 25.37 on Tuesday. The firm has a market capitalization of $424.19 million, a PE ratio of 21.48 and a beta of 0.89. The stock’s 50 day moving average price is $24.64 and its 200 day moving average price is $25.97. Carriage Services, Inc. has a one year low of $23.11 and a one year high of $29.11.
Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The business had revenue of $63.87 million for the quarter, compared to analysts’ expectations of $64.35 million. During the same period last year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Carriage Services, Inc. will post $1.62 EPS for the current year.
In other news, CEO Melvin C. Payne sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,131,753 shares of the company’s stock, valued at approximately $26,992,309.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.40% of the company’s stock.
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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