Carriage Services, Inc. (NYSE:CSV) Stake Increased by AQR Capital Management LLC

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AQR Capital Management LLC grew its position in Carriage Services, Inc. (NYSE:CSV) by 82.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,183 shares of the company’s stock after acquiring an additional 12,304 shares during the period. AQR Capital Management LLC owned about 0.14% of Carriage Services worth $586,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in Carriage Services by 2,116.5% in the third quarter. Tower Research Capital LLC TRC now owns 9,376 shares of the company’s stock worth $202,000 after acquiring an additional 8,953 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Carriage Services in the third quarter worth about $210,000. Trexquant Investment LP purchased a new position in Carriage Services in the third quarter worth about $233,000. MetLife Investment Advisors LLC grew its position in Carriage Services by 50.0% in the third quarter. MetLife Investment Advisors LLC now owns 11,256 shares of the company’s stock worth $243,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in shares of Carriage Services during the third quarter valued at approximately $276,000. 78.39% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Barry K. Fingerhut bought 1,700 shares of the stock in a transaction dated Friday, November 30th. The shares were acquired at an average cost of $16.80 per share, with a total value of $28,560.00. Following the purchase, the director now directly owns 5,942 shares in the company, valued at approximately $99,825.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donald Douglas Patteson, Jr. bought 3,200 shares of the stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $51,200.00. Following the completion of the purchase, the director now owns 54,631 shares in the company, valued at $874,096. The disclosure for this purchase can be found here. Corporate insiders own 13.60% of the company’s stock.

NYSE:CSV traded up $0.18 during mid-day trading on Monday, hitting $18.92. The company’s stock had a trading volume of 164,590 shares, compared to its average volume of 137,000. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.01 and a current ratio of 1.24. Carriage Services, Inc. has a 1 year low of $14.50 and a 1 year high of $28.96. The firm has a market cap of $359.32 million, a price-to-earnings ratio of 13.61, a PEG ratio of 0.90 and a beta of 0.94.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 8th. Carriage Services’s payout ratio is currently 21.58%.

A number of brokerages recently commented on CSV. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Thursday, January 31st. ValuEngine raised shares of Carriage Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $24.00 price target on shares of Carriage Services in a report on Tuesday, January 15th.

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Carriage Services 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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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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