AQR Capital Management LLC Reduces Holdings in Carriage Services, Inc. (NYSE:CSV)

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AQR Capital Management LLC trimmed its stake in Carriage Services, Inc. (NYSE:CSV) by 24.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,695 shares of the company’s stock after selling 5,009 shares during the period. AQR Capital Management LLC owned approximately 0.09% of Carriage Services worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Carriage Services by 105.7% in the 2nd quarter. Bank of Montreal Can now owns 4,330 shares of the company’s stock valued at $82,000 after buying an additional 2,225 shares during the last quarter. Balter Liquid Alternatives LLC grew its position in shares of Carriage Services by 11.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 8,491 shares of the company’s stock valued at $161,000 after buying an additional 904 shares during the last quarter. First Trust Advisors LP grew its position in shares of Carriage Services by 13.3% in the 1st quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock valued at $581,000 after buying an additional 3,548 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Carriage Services by 17.4% in the 2nd quarter. Acadian Asset Management LLC now owns 39,245 shares of the company’s stock valued at $745,000 after buying an additional 5,820 shares during the last quarter. Finally, Teton Advisors Inc. grew its position in shares of Carriage Services by 115.4% in the 2nd quarter. Teton Advisors Inc. now owns 42,000 shares of the company’s stock valued at $798,000 after buying an additional 22,500 shares during the last quarter. 77.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Carriage Services stock opened at $21.30 on Friday. Carriage Services, Inc. has a 1 year low of $14.50 and a 1 year high of $22.95. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.58 and a current ratio of 0.79. The company has a market capitalization 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’s fifty day moving average is $21.41 and its two-hundred day moving average is $19.97.

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

A number of research analysts recently commented on the stock. Sidoti increased their target price on shares of Carriage Services from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barrington Research reaffirmed a “buy” rating and issued a $26.00 target price on shares of Carriage Services in a research report on Monday, July 22nd. Zacks Investment Research downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, ValuEngine downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Friday, September 27th.

About Carriage Services

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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