18,186 Shares in Centuri Holdings, Inc. $CTRI Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,186 shares of the company’s stock, valued at approximately $385,000.

Several other large investors have also bought and sold shares of CTRI. CWM LLC grew its holdings in shares of Centuri by 238.1% during the second quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after buying an additional 1,893 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in Centuri by 146.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the company’s stock valued at $177,000 after acquiring an additional 4,700 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Centuri during the 2nd quarter valued at $216,000. Finally, Voya Investment Management LLC purchased a new stake in Centuri during the 3rd quarter valued at $237,000.

Centuri Price Performance

NYSE CTRI opened at $28.45 on Monday. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $22.44. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $28.89. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $2.83 billion, a P/E ratio of 948.58, a PEG ratio of 1.07 and a beta of 0.82.

Centuri (NYSE:CTRI) last announced its 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). The business had revenue of $848.55 million for the quarter, compared to analysts’ expectations of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Equities research analysts anticipate that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Centuri

In related news, major shareholder Carl C. Icahn acquired 3,488,372 shares of the stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of $21.50 per share, with a total value of $74,999,998.00. Following the transaction, the insider directly owned 14,336,044 shares in the company, valued at approximately $308,224,946. This represents a 32.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total transaction of $174,217.08. Following the transaction, the chief executive officer directly owned 22,089 shares in the company, valued at $541,401.39. This represents a 24.34% decrease in their position. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CTRI has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. UBS Group lifted their price objective on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their target price on Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald assumed coverage on shares of Centuri in a report on Friday. They set an “overweight” rating and a $34.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Centuri presently has a consensus rating of “Hold” and an average target price of $26.40.

Centuri Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.