Finance

Institutional Investors Continue to Buy Carriage Services Stock

Foundation Partners why I partnered

Scott Moore had a nice write-up in the Cerbat Gem Market News and Analysis on death care industry stock Carriage Service.  Among other things he pointed to their most recent 13F filing that showed Russell Investment Group bought over $3 million worth of the stock in the 4th quarter of 2016.

The article points out that many other institutional investors also made purchases in that quarter and the company had $5 of inflow money for every $1 of outflow money from institutional investors.

Carriage Services continues to be a national figure in the death care industry by acquiring and operating funeral homes and cemeteries in what it deems as key markets to them.

Funeral Director Daily take:  I’ve always enjoyed reading over the information that you can find in Carriage Services reports which can be found on their web-site.  They seem to operate much like I did – slow and steady – as compared to fast and furious!!  Evidently the professionally  managed institutional investors like that way of operating also.

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