Carriage Services, Inc. (NYSE:CSV) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in shares of Carriage Services, Inc. (NYSE:CSV) by 127.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,549 shares of the company’s stock after purchasing an additional 20,490 shares during the period. Cubist Systematic Strategies LLC’s holdings in Carriage Services were worth $981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CSV. Point72 DIFC Ltd lifted its stake in Carriage Services by 613.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock worth $50,000 after acquiring an additional 1,600 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Carriage Services by 3.0% in the second quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,125 shares during the period. XTX Topco Ltd acquired a new position in shares of Carriage Services in the second quarter valued at approximately $207,000. Hsbc Holdings PLC increased its stake in Carriage Services by 19.5% during the 2nd quarter. Hsbc Holdings PLC now owns 11,371 shares of the company’s stock worth $303,000 after buying an additional 1,857 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Carriage Services by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock worth $16,547,000 after buying an additional 46,700 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Stock Down 1.0 %

Shares of Carriage Services stock opened at $32.42 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14. Carriage Services, Inc. has a 52-week low of $18.06 and a 52-week high of $35.00. The company has a market capitalization of $491.65 million, a P/E ratio of 15.97, a P/E/G ratio of 0.94 and a beta of 0.94. The company has a 50 day moving average of $31.93 and a 200 day moving average of $28.48.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.10. The business had revenue of $102.32 million during the quarter, compared to analysts’ expectations of $94.40 million. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. As a group, research analysts forecast that Carriage Services, Inc. will post 2.34 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.39%. Carriage Services’s payout ratio is currently 22.17%.

Insider Buying and Selling

In other Carriage Services news, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.00, for a total value of $213,030.00. Following the transaction, the vice president now directly owns 90,700 shares in the company, valued at $2,721,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carriage Services news, VP Shawn R. Phillips sold 7,101 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.00, for a total value of $213,030.00. Following the completion of the transaction, the vice president now owns 90,700 shares in the company, valued at $2,721,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carlos R. Quezada acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $29.44 per share, for a total transaction of $58,880.00. Following the acquisition, the chief executive officer now owns 60,061 shares of the company’s stock, valued at approximately $1,768,195.84. The disclosure for this purchase can be found here. 12.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and set a $40.00 target price (up from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.