Carriage Services, Inc. (NYSE: CSV) is 32.55% higher on its value in year-to-date trading and has touched a low of $18.06 and a high of $35.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSV stock was last observed hovering at around $32.89 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $33.15, the stock is 6.88% and 12.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.79% at the moment leaves the stock 26.28% off its SMA200. CSV registered 5.84% gain for a year compared to 6-month gain of 35.81%.
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The stock witnessed a 2.35% loss in the last 1 month and extending the period to 3 months gives it a 23.28%, and is 2.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 2.21% over the month.
Carriage Services, Inc. (CSV) has around 2602 employees, a market worth around $504.21M and $397.37M in sales. Current P/E ratio is 17.46 and Fwd P/E is 13.00. Profit margin for the company is 7.34%. Distance from 52-week low is 83.55% and -5.29% from its 52-week high. The company has generated returns on investments over the last 12 months (3.82%).
The EPS is expected to grow by 7.61% this year.
Carriage Services, Inc. (CSV) Top Institutional Holders
186.0 institutions hold shares in Carriage Services, Inc. (CSV), with institutional investors hold 81.06% of the company’s shares. The shares outstanding are 15.00M, and float is at 12.59M with Short Float at 1.66%. Institutions hold 67.55% of the Float.
The top institutional shareholder in the company is AMERIPRISE FINANCIAL INC with over 1.33 million shares valued at $35.63 million. The investor’s holdings represent 8.9231% of the CSV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.98 million shares valued at $$26.43 million to account for 6.6208 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.92 million shares representing 6.1528% and valued at over $24.57 million, while DIMENSIONAL FUND ADVISORS LP holds 4.785 of the shares totaling 0.71 million with a market value of $19.11 million.
Carriage Services, Inc. (CSV) Insider Activity
The most recent transaction is an insider purchase by Fargason Charles,the company’sDirector. SEC filings show that Fargason Charles bought 3,000 shares of the company’s common stock on Aug 22 ’24 at a price of $31.43 per share for a total of $94300.0. Following the purchase, the insider now owns 24632.0 shares.
Carriage Services, Inc. disclosed in a document filed with the SEC on Aug 13 ’24 that Phillips Shawn R (Sr. VP & Regional Partner) sold a total of 7,815 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $30.04 per share for $0.23 million. Following the transaction, the insider now directly holds 82885.0 shares of the CSV stock.
Still, SEC filings show that on Aug 12 ’24, Phillips Shawn R (Sr. VP & Regional Partner) disposed off 7,101 shares at an average price of $30.00 for $0.21 million. The insider now directly holds 90,700 shares of Carriage Services, Inc. (CSV).
