SG Americas Securities LLC trimmed its position in shares of Centuri Holdings, Inc. (NYSE:CTRI – Free Report) by 74.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,130 shares of the company’s stock after selling 343,945 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Centuri worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Centuri by 126.0% in the third 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 last quarter. Icahn Carl C increased its holdings in Centuri by 69.4% during the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after purchasing an additional 4,443,795 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Centuri during the 3rd quarter valued at $78,222,000. Samlyn Capital LLC bought a new position in Centuri in the 3rd quarter valued at $36,838,000. Finally, Carronade Capital Management LP raised its position in Centuri by 125.6% in the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after purchasing an additional 1,699,392 shares during the last quarter.
Analyst Upgrades and Downgrades
CTRI has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald upped 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. Robert W. Baird set a $41.00 price objective on shares of Centuri in a report on Friday, May 8th. Finally, Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, June 22nd. Two equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.80.
Centuri Stock Down 0.8%
NYSE:CTRI opened at $30.27 on Wednesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 89.04, a P/E/G ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $30.03. Centuri Holdings, Inc. has a 52-week low of $19.04 and a 52-week high of $42.99.
Centuri (NYSE:CTRI – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the firm earned ($0.12) EPS. On average, analysts anticipate that Centuri Holdings, Inc. will post 0.61 EPS for the current year.
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.
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