Centuri Holdings, Inc. $CTRI Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 59.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 527,856 shares of the company’s stock after acquiring an additional 195,992 shares during the quarter. Geode Capital Management LLC owned approximately 0.60% of Centuri worth $11,847,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of Centuri during the 2nd quarter worth $431,000. CWM LLC increased its stake in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after purchasing an additional 1,893 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in Centuri by 146.9% during the second quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the company’s stock worth $177,000 after buying an additional 4,700 shares during the period. Rhumbline Advisers boosted its stake in Centuri by 18.8% in the 1st quarter. Rhumbline Advisers now owns 21,960 shares of the company’s stock worth $360,000 after buying an additional 3,475 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Centuri by 164.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after buying an additional 95,585 shares during the period.

Centuri Stock Up 10.3%

Shares of Centuri stock opened at $24.49 on Wednesday. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $24.60. The company has a market capitalization of $2.44 billion, a PE ratio of 816.44, a P/E/G ratio of 1.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50-day moving average of $20.80 and a 200-day moving average of $21.06.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). Centuri had a net margin of 0.09% and a return on equity of 6.37%. The business had revenue of $848.55 million during the quarter, compared to analysts’ expectations of $762.06 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Centuri news, major shareholder Carl C. Icahn purchased 3,488,372 shares of Centuri stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $74,999,998.00. Following the transaction, the insider owned 14,336,044 shares in the company, valued at $308,224,946. This represents a 32.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTRI. UBS Group increased their price objective on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Monday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.25.

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.