Bard Associates Inc Lowers stake in Carriage Services (CSV)

Carriage Services (CSV) : Bard Associates Inc reduced its stake in Carriage Services by 3.12% during the most recent quarter end. The investment management company now holds a total of 172,012 shares of Carriage Services which is valued at $4,085,285 after selling 5,540 shares in Carriage Services , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Carriage Services makes up approximately 2.04% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Axiom International Investors De reduced its stake in CSV by selling 5,416 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 131,733 shares of CSV which is valued at $3,128,659. Carriage Services makes up approx 0.09% of Axiom International Investors De’s portfolio.Blackrock Fund Advisors reduced its stake in CSV by selling 3,261 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 387,481 shares of CSV which is valued at $9,202,674.Essex Investment Management Co boosted its stake in CSV in the latest quarter, The investment management firm added 10,476 additional shares and now holds a total of 110,880 shares of Carriage Services which is valued at $2,701,037. Carriage Services makes up approx 0.43% of Essex Investment Management Co’s portfolio. K.j. Harrison Partners Inc sold out all of its stake in CSV during the most recent quarter. The investment firm sold 11,000 shares of CSV which is valued $267,960.

Carriage Services opened for trading at $23.5701 and hit $23.95 on the upside on Tuesday, eventually ending the session at $23.87, with a gain of 1.14% or 0.27 points. The heightened volatility saw the trading volume jump to 32,438 shares. Company has a market cap of $397 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.

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.

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