Aigen Investment Management LP Buys 27,630 Shares of Centuri Holdings, Inc. $CTRI

Aigen Investment Management LP boosted its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 279.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,519 shares of the company’s stock after purchasing an additional 27,630 shares during the quarter. Aigen Investment Management LP’s holdings in Centuri were worth $947,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CTRI. Caitong International Asset Management Co. Ltd boosted its holdings in Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after acquiring an additional 1,874 shares in the last quarter. CWM LLC boosted its holdings in Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after acquiring an additional 1,512 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Centuri by 251.0% in the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock valued at $129,000 after acquiring an additional 4,350 shares in the last quarter. Finally, Fifth Lane Capital LP bought a new stake in Centuri in the third quarter valued at $212,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CTRI. Cantor Fitzgerald boosted their target price on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Finally, UBS Group upped their price target on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.80.

Centuri Trading Up 0.1%

CTRI stock opened at $30.38 on Monday. Centuri Holdings, Inc. has a 1-year low of $19.04 and a 1-year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 89.34, a PEG ratio of 1.05 and a beta of 1.07. The business has a 50 day simple moving average of $32.30 and a two-hundred day simple moving average of $29.46.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same period in the prior year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. Research analysts anticipate that Centuri Holdings, Inc. will post 0.59 EPS for the current fiscal year.

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.