Carriage Services (NYSE:CSV) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, January 17th.
Several other equities research analysts have also issued reports on CSV. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price objective (down from $32.00) on shares of Carriage Services in a research note on Thursday, November 1st. Zacks Investment Research downgraded Carriage Services from a “hold” rating to a “strong sell” rating in a report on Monday, November 5th.
Shares of NYSE:CSV traded down $0.47 during trading on Thursday, hitting $18.74. The company had a trading volume of 79,376 shares, compared to its average volume of 141,062. The firm has a market capitalization of $359.32 million, a price-to-earnings ratio of 13.48, a PEG ratio of 0.90 and a beta of 0.94. Carriage Services has a one year low of $14.50 and a one year high of $28.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.24 and a quick ratio of 1.01.
In related news, Director Barry K. Fingerhut bought 1,700 shares of the company’s stock in a transaction on Friday, November 30th. The shares were acquired at an average price of $16.80 per share, with a total value of $28,560.00. Following the transaction, the director now owns 5,942 shares of the company’s stock, valued at $99,825.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn R. Phillips sold 4,384 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $16.07, for a total value of $70,450.88. Following the completion of the sale, the insider now directly owns 66,062 shares of the company’s stock, valued at approximately $1,061,616.34. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its position in Carriage Services by 18.8% in the second quarter. First Trust Advisors LP now owns 16,802 shares of the company’s stock valued at $412,000 after purchasing an additional 2,658 shares during the period. Bank of New York Mellon Corp increased its holdings in Carriage Services by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 115,076 shares of the company’s stock valued at $2,825,000 after buying an additional 3,312 shares during the last quarter. BlackRock Inc. increased its holdings in Carriage Services by 4.8% in the second quarter. BlackRock Inc. now owns 1,355,497 shares of the company’s stock valued at $33,278,000 after buying an additional 62,099 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Carriage Services by 13.3% in the second quarter. Renaissance Technologies LLC now owns 1,150,700 shares of the company’s stock valued at $28,250,000 after buying an additional 134,800 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Carriage Services by 38.0% in the second quarter. Bank of America Corp DE now owns 168,075 shares of the company’s stock valued at $4,125,000 after buying an additional 46,264 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.
About Carriage Services
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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