Carriage Services, Inc. (NYSE:CSV) insider Shawn R. Phillips sold 5,630 shares of Carriage Services stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $26.67, for a total transaction of $150,152.10. Following the completion of the sale, the insider now owns 63,975 shares of the company’s stock, valued at $1,706,213.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Carriage Services, Inc. (NYSE:CSV) traded up 0.62% during mid-day trading on Thursday, hitting $27.58. 93,240 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $26.74 and its 200-day moving average price is $26.42. The stock has a market cap of $459.48 million, a PE ratio of 24.62 and a beta of 1.09. Carriage Services, Inc. has a 12 month low of $21.97 and a 12 month high of $29.11.
Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, February 15th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Carriage Services had a net margin of 8.46% and a return on equity of 17.25%. The firm earned $62.90 million during the quarter, compared to analysts’ expectations of $64.76 million. Equities analysts expect that Carriage Services, Inc. will post $1.75 EPS for the current fiscal year.
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Separately, Zacks Investment Research cut shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Monday, January 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of CSV. Bank of Montreal Can boosted its position in Carriage Services by 2.4% in the third quarter. Bank of Montreal Can now owns 381,908 shares of the company’s stock worth $9,032,000 after buying an additional 9,083 shares during the last quarter. Tiverton Asset Management LLC boosted its position in Carriage Services by 1.7% in the third quarter. Tiverton Asset Management LLC now owns 379,680 shares of the company’s stock worth $8,980,000 after buying an additional 6,249 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Carriage Services during the fourth quarter worth approximately $3,116,000. Flinton Capital Management LLC bought a new position in Carriage Services during the fourth quarter worth approximately $1,159,000. Finally, State Street Corp boosted its position in Carriage Services by 9.2% in the fourth quarter. State Street Corp now owns 281,318 shares of the company’s stock worth $8,055,000 after buying an additional 23,595 shares during the last quarter. Hedge funds and other institutional investors own 79.38% 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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