Swiss National Bank Decreases Holdings in Centuri Holdings, Inc. $CTRI

Swiss National Bank trimmed its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 25.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,700 shares of the company’s stock after selling 8,900 shares during the quarter. Swiss National Bank’s holdings in Centuri were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Deutsche Bank AG raised its position in Centuri by 5.6% during the first quarter. Deutsche Bank AG now owns 9,143 shares of the company’s stock valued at $150,000 after purchasing an additional 484 shares during the period. XTX Topco Ltd raised its stake in shares of Centuri by 163.8% in the first quarter. XTX Topco Ltd now owns 26,901 shares of the company’s stock valued at $441,000 after acquiring an additional 16,705 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Centuri by 11.5% in the first quarter. Bank of New York Mellon Corp now owns 35,720 shares of the company’s stock valued at $585,000 after acquiring an additional 3,672 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Centuri in the first quarter valued at $670,000. Finally, Rhumbline Advisers raised its stake in shares of Centuri by 18.8% in the first quarter. Rhumbline Advisers now owns 21,960 shares of the company’s stock valued at $360,000 after acquiring an additional 3,475 shares during the period.

Centuri Trading Up 0.2%

NYSE CTRI opened at $20.44 on Thursday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -680.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. The company’s 50-day simple moving average is $21.11 and its two-hundred day simple moving average is $19.48. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.72 and a current ratio of 1.72. Centuri Holdings, Inc. has a one year low of $14.45 and a one year high of $24.60.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The company had revenue of $724.05 million during the quarter, compared to analysts’ expectations of $702.35 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CTRI has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Centuri from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on Centuri from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Centuri presently has an average rating of “Hold” and an average target price of $22.00.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.