Carriage Services, Inc. (NYSE:CSV) insider Adeola Olaniyan sold 904 shares of Carriage Services stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $22.14, for a total transaction of $20,014.56. Following the sale, the insider now owns 3,300 shares of the company’s stock, valued at $73,062. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CSV stock traded up $0.21 during mid-day trading on Friday, reaching $20.47. 140,795 shares of the stock traded hands, compared to its average volume of 107,263. Carriage Services, Inc. has a 52-week low of $20.21 and a 52-week high of $28.96. The firm has a market capitalization of $412.75 million, a PE ratio of 14.73, a P/E/G ratio of 1.07 and a beta of 0.43. The company has a current ratio of 2.62, a quick ratio of 2.36 and a debt-to-equity ratio of 1.49.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). Carriage Services had a return on equity of 12.49% and a net margin of 14.40%. The firm had revenue of $63.00 million during the quarter, compared to analyst estimates of $69.16 million. On average, equities research analysts anticipate that Carriage Services, Inc. will post 1.34 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new position in Carriage Services during the second quarter valued at approximately $218,000. Engineers Gate Manager LP bought a new stake in shares of Carriage Services in the second quarter valued at approximately $241,000. Spark Investment Management LLC bought a new stake in shares of Carriage Services in the first quarter valued at approximately $362,000. Victory Capital Management Inc. bought a new stake in shares of Carriage Services in the first quarter valued at approximately $368,000. Finally, Barclays PLC boosted its position in shares of Carriage Services by 204.7% in the first quarter. Barclays PLC now owns 14,985 shares of the company’s stock valued at $415,000 after acquiring an additional 10,067 shares during the period. Institutional investors own 78.73% of the company’s stock.
A number of research analysts have recently commented on the stock. Barrington Research reissued a “buy” rating and set a $32.00 target price on shares of Carriage Services in a research report on Thursday, August 2nd. ValuEngine cut shares of Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, TheStreet lowered shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th.
Carriage Services Company Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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