Carriage Services, Inc. (NYSE:CSV) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 24.2% in the second quarter, HoldingsChannel.com reports. The fund owned 15,695 shares of the company’s stock after selling 5,009 shares during the quarter. AQR Capital Management LLC’s holdings in Carriage Services were worth $298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its position in Carriage Services by 105.7% during the second quarter. Bank of Montreal Can now owns 4,330 shares of the company’s stock worth $82,000 after acquiring an additional 2,225 shares during the last quarter. Balter Liquid Alternatives LLC raised its position in Carriage Services by 11.9% during the second quarter. Balter Liquid Alternatives LLC now owns 8,491 shares of the company’s stock worth $161,000 after acquiring an additional 904 shares during the last quarter. First Trust Advisors LP raised its position in Carriage Services by 13.3% during the first quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock worth $581,000 after acquiring an additional 3,548 shares during the last quarter. Acadian Asset Management LLC raised its position in Carriage Services by 17.4% during the second quarter. Acadian Asset Management LLC now owns 39,245 shares of the company’s stock worth $745,000 after acquiring an additional 5,820 shares during the last quarter. Finally, Teton Advisors Inc. raised its position in Carriage Services by 115.4% during the second quarter. Teton Advisors Inc. now owns 42,000 shares of the company’s stock worth $798,000 after acquiring an additional 22,500 shares during the last quarter. Institutional investors own 77.65% of the company’s stock.

A number of equities analysts have issued reports on CSV shares. ValuEngine cut shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Sidoti lifted their target price on shares of Carriage Services from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Barrington Research restated a “buy” rating and set a $26.00 target price on shares of Carriage Services in a research report on Monday, July 22nd. Finally, Zacks Investment Research cut shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Monday, October 7th.

Shares of CSV opened at $21.30 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.58 and a debt-to-equity ratio of 1.71. The stock has a market cap of $373.52 million, a P/E ratio of 18.21, a PEG ratio of 1.01 and a beta of 0.65. The company has a 50-day moving average of $21.41 and a two-hundred day moving average of $19.97. Carriage Services, Inc. has a 12-month low of $14.50 and a 12-month high of $22.95.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $67.75 million for the quarter, compared to analysts’ expectations of $66.55 million. Carriage Services had a return on equity of 8.54% and a net margin of 4.08%. As a group, analysts forecast that Carriage Services, Inc. will post 1.39 EPS for the current fiscal year.

Carriage Services Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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