Alberta Investment Management Corp Has $1.39 Million Stock Holdings in Carriage Services, Inc. (NYSE:CSV)

Alberta Investment Management Corp raised its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,900 shares of the company’s stock after buying an additional 2,700 shares during the period. Alberta Investment Management Corp owned about 0.23% of Carriage Services worth $1,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its position in Carriage Services by 46.6% during the third quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after purchasing an additional 271 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Carriage Services during the 4th quarter worth about $65,000. Point72 Asset Management L.P. lifted its holdings in shares of Carriage Services by 1,074.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after buying an additional 4,297 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Carriage Services in the 3rd quarter valued at approximately $204,000. Finally, Principal Financial Group Inc. acquired a new position in Carriage Services in the third quarter worth approximately $232,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Price Performance

Shares of NYSE:CSV opened at $40.77 on Friday. The stock has a market capitalization of $620.53 million, a P/E ratio of 18.28, a P/E/G ratio of 0.98 and a beta of 0.92. The business has a 50-day moving average of $40.32 and a two-hundred day moving average of $36.51. Carriage Services, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $42.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.45 annualized dividend and a yield of 1.10%. Carriage Services’s dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $50.00 target price on shares of Carriage Services in a research report on Monday, February 10th.

Carriage Services Profile

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.