Polar Asset Management Partners Inc. acquired a new stake in shares of Carriage Services, Inc. (NYSE:CSV – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 326,173 shares of the company’s stock, valued at approximately $12,505,000. Polar Asset Management Partners Inc. owned about 2.06% of Carriage Services at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after buying an additional 312 shares in the last quarter. Jones Financial Companies Lllp grew its position in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Carriage Services during the first quarter worth approximately $689,000. Creative Planning purchased a new position in shares of Carriage Services during the second quarter worth approximately $200,000. Finally, Rhumbline Advisers raised its stake in shares of Carriage Services by 8.2% during the second quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,654 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.
Carriage Services Price Performance
Shares of CSV stock opened at $34.72 on Wednesday. The firm has a market cap of $550.93 million, a P/E ratio of 12.44, a P/E/G ratio of 0.68 and a beta of 0.84. Carriage Services, Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $52.10. The business’s 50 day moving average price is $37.67 and its 200-day moving average price is $41.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46.
Carriage Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s payout ratio is presently 16.13%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CSV. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Oppenheimer began coverage on shares of Carriage Services in a research report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 target price on the stock. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research report on Friday, August 7th. Zacks Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.00.
View Our Latest Analysis on CSV
Carriage Services Profile
Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.
In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.
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