AYAL Capital Advisors Ltd Takes $5.05 Million Position in Centuri Holdings, Inc. $CTRI

AYAL Capital Advisors Ltd purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 200,000 shares of the company’s stock, valued at approximately $5,050,000. Centuri makes up approximately 1.8% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 15th largest holding. AYAL Capital Advisors Ltd owned about 0.20% of Centuri as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its holdings in Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the last quarter. CWM LLC lifted its position in shares of Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 3,037 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Centuri by 251.0% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock worth $129,000 after purchasing an additional 4,350 shares during the period. Finally, Fifth Lane Capital LP acquired a new position in shares of Centuri in the 3rd quarter worth approximately $212,000.

Centuri Price Performance

CTRI opened at $29.98 on Thursday. 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 $3.03 billion, a price-to-earnings ratio of 88.18, a P/E/G ratio of 1.07 and a beta of 1.06. The firm’s fifty day moving average price is $32.35 and its two-hundred day moving average price is $29.66. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99.

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

Wall Street Analyst Weigh In

CTRI has been the topic of a number of recent analyst reports. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Cantor Fitzgerald boosted their price target on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company raised their price objective on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Two research 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, the stock has an average rating of “Hold” and a consensus price target of $37.80.

About Centuri

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.