Carriage Services (CSV) : Bard Associates Inc reduced its stake in Carriage Services by 0.41% during the most recent quarter end. The investment management company now holds a total of 177,552 shares of Carriage Services which is valued at $4.2 Million after selling 725 shares in Carriage Services , the firm said in a disclosure report filed with the SEC on May 12, 2016.Carriage Services makes up approximately 2.30% of Bard Associates Inc’s portfolio.
Other Hedge Funds, Including , Paradigm Capital Management Incny sold out all of its stake in CSV during the most recent quarter. The investment firm sold 16,225 shares of CSV which is valued $381,774.Baker Ellis Asset Management reduced its stake in CSV by selling 50 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of CSV which is valued at $141,180. Carriage Services makes up approx 0.05% of Baker Ellis Asset Management’s portfolio.Manufacturers Life Insurance Company The reduced its stake in CSV by selling 601 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 10,728 shares of CSV which is valued at $252,430. Capital Planning Advisors sold out all of its stake in CSV during the most recent quarter. The investment firm sold 9,112 shares of CSV which is valued $216,046.
Carriage Services opened for trading at $23.17 and hit $23.57 on the upside on Friday, eventually ending the session at $23.35, with a gain of 1.04% or 0.24 points. The heightened volatility saw the trading volume jump to 47,219 shares. Company has a market cap of $388 M.
On the company’s financial health, Carriage Services reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.46. The company had revenue of $63.30 million for the quarter, compared to analysts expectations of $63.67 million.
Many Wall Street Analysts have commented on Carriage Services. Company shares were Reiterated by Barrington Research on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Carriage Services was Initiated by Sidoti to “Buy” on Apr 22, 2016.
Carriage Services Inc. (Carriage) 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.