Centuri Holdings, Inc. $CTRI Stock Holdings Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in Centuri Holdings, Inc. (NYSE:CTRI) by 53.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,795 shares of the company’s stock after selling 39,408 shares during the period. Russell Investments Group Ltd.’s holdings in Centuri were worth $554,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Centuri by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company’s stock worth $248,000 after acquiring an additional 1,335 shares during the period. Wells Fargo & Company MN boosted its position in shares of Centuri by 54.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,649 shares of the company’s stock valued at $206,000 after purchasing an additional 3,736 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Centuri in the 4th quarter worth approximately $479,000. Barclays PLC raised its holdings in shares of Centuri by 29.7% in the 4th quarter. Barclays PLC now owns 30,690 shares of the company’s stock worth $593,000 after purchasing an additional 7,033 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Centuri by 31.2% in the 4th quarter. Marshall Wace LLP now owns 29,215 shares of the company’s stock worth $564,000 after purchasing an additional 6,939 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTRI. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on Centuri from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Centuri Trading Up 0.6%

Centuri stock opened at $21.30 on Friday. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $24.60. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -709.60, a P/E/G ratio of 1.03 and a beta of 1.13. The company has a 50 day moving average price of $21.14 and a 200 day moving average price of $19.45.

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

Centuri Company Profile

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.