Citigroup Inc. Raises Holdings in Centuri Holdings, Inc. $CTRI

Citigroup Inc. lifted its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 492.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 92,634 shares of the company’s stock after acquiring an additional 76,987 shares during the quarter. Citigroup Inc. owned approximately 0.10% of Centuri worth $1,961,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Centuri by 126.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after acquiring an additional 4,493,955 shares during the period. Cooper Creek Partners Management LLC bought a new position in Centuri during the second quarter worth about $49,416,000. Balyasny Asset Management L.P. purchased a new position in shares of Centuri in the second quarter worth about $36,165,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Centuri in the second quarter worth about $30,725,000. Finally, Carronade Capital Management LP raised its position in shares of Centuri by 1,394.5% in the second quarter. Carronade Capital Management LP now owns 1,353,425 shares of the company’s stock valued at $30,371,000 after purchasing an additional 1,262,867 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTRI. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Wells Fargo & Company lifted their price objective on shares of Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Cantor Fitzgerald boosted their target price on shares of Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, UBS Group increased their target price on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.81.

Centuri Trading Down 0.5%

Shares of CTRI opened at $29.29 on Monday. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The stock has a market cap of $2.95 billion, a PE ratio of 127.35, a P/E/G ratio of 1.18 and a beta of 0.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $28.65 and its 200-day moving average price is $24.33.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $858.60 million during the quarter, compared to the consensus estimate of $740.62 million. Centuri had a net margin of 0.76% and a return on equity of 5.09%. Centuri’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. On average, equities analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

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.