23,683 Shares in Centuri Holdings, Inc. $CTRI Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,683 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after acquiring an additional 1,691 shares in the last quarter. CWM LLC grew its holdings in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after purchasing an additional 1,893 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Centuri during the third quarter valued at approximately $119,000. Tower Research Capital LLC TRC increased its stake in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Centuri during the third quarter valued at approximately $128,000.

Insider Activity at Centuri

In related news, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the sale, the chief executive officer directly owned 22,089 shares in the company, valued at approximately $541,401.39. This trade represents a 24.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CTRI has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Cantor Fitzgerald assumed coverage on Centuri in a report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Wells Fargo & Company lifted their price target on Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, UBS Group increased their price objective on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Centuri Stock Down 1.1%

Centuri stock opened at $30.90 on Wednesday. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $32.38. The stock has a fifty day simple moving average of $27.95 and a two-hundred day simple moving average of $23.78. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 1,030.18, a PEG ratio of 1.18 and a beta of 0.81.

Centuri Company 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.