Stratos Wealth Partners Ltd. buys $3,719,844 stake in Carriage Services (CSV)

Carriage Services (CSV) : Stratos Wealth Partners Ltd. scooped up 7,659 additional shares in Carriage Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 156,625 shares of Carriage Services which is valued at $3,719,844.Carriage Services makes up approximately 0.27% of Stratos Wealth Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in CSV by selling 13,776 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 228,952 shares of CSV which is valued at $5,437,610. Carriage Services makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Hodges Capital Management reduced its stake in CSV by selling 24,499 shares or 16.42% in the most recent quarter. The Hedge Fund company now holds 124,715 shares of CSV which is valued at $2,961,981. Carriage Services makes up approx 0.14% of Hodges Capital Management’s portfolio.Blackrock Investment Management reduced its stake in CSV by selling 568 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 59,573 shares of CSV which is valued at $1,414,859. Los Angeles Capital Management Equity Research Inc sold out all of its stake in CSV during the most recent quarter. The investment firm sold 26,730 shares of CSV which is valued $626,819. Simplex Trading added CSV to its portfolio by purchasing 88 company shares during the most recent quarter which is valued at $2,129.

Carriage Services closed down -0.05 points or -0.21% at $23.44 with 38,525 shares getting traded on Monday. Post opening the session at $23.49, the shares hit an intraday low of $23.38 and an intraday high of $23.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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