Carriage Services, Inc. (CSV) Stake Held by Capital Impact Advisors
Capital Impact Advisors held its position in Carriage Services, Inc. (NYSE:CSV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,477 shares of the company’s stock at the end of the fourth quarter. Capital Impact Advisors owned about 0.20% of Carriage Services worth $855,000 at the end of the most recent quarter.
Separately, Mohican Financial Management purchased a new stake in shares of Carriage Services during the fourth quarter worth approximately $5,321,000.
Carriage Services, Inc. (NYSE:CSV) traded down 0.36% during midday trading on Wednesday, reaching $21.91. 67,388 shares of the company were exchanged. Carriage Services, Inc. has a 52-week low of $20.03 and a 52-week high of $25.96. The firm’s 50-day moving average price is $23.46 and its 200 day moving average price is $23.03. The stock has a market capitalization of $379.72 million and a price-to-earnings ratio of 19.74.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.02. The company had revenue of $58.38 million for the quarter, compared to analyst estimates of $57.87 million. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. Equities analysts predict that Carriage Services, Inc. will post $1.52 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Oppenheimer assumed coverage on shares of Carriage Services in a report on Tuesday, November 10th. They set an “outperform” rating and a $28.00 price target for the company.
In related news, Director Bryan Leibman acquired 6,000 shares of Carriage Services stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $22.00 per share, with a total value of $132,000.00. Following the completion of the acquisition, the director now directly owns 10,837 shares of the company’s stock, valued at approximately $238,414. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Carriage Services, Inc. (NYSE:CSV) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns. Its cemeteries operation segment sells interment rights, including grave sites and mausoleum spaces, and related merchandise, such as markers and outer burial containers. Carriage operates around 164 funeral homes in 27 states and 32 cemeteries in 11 states. It serves suburban and rural markets, and provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. It also maintains various trusts in connection with funeral home and cemetery operations, including preneed funeral trusts, preneed cemetery merchandise and service trusts, and cemetery perpetual care trusts.
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