Versor Investments LP Takes $447,000 Position in Centuri Holdings, Inc. $CTRI

Versor Investments LP purchased a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,100 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Centuri by 59.1% during the second quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock worth $11,847,000 after purchasing an additional 195,992 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Centuri during the 2nd quarter worth approximately $964,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Centuri in the 3rd quarter worth about $1,611,000. Carronade Capital Management LP boosted its holdings 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. Finally, SG Americas Securities LLC bought a new position in shares of Centuri during the 3rd quarter worth $385,000.

Centuri Trading Down 0.6%

Shares of CTRI stock opened at $31.24 on Friday. The company has a market capitalization of $3.11 billion, a P/E ratio of 1,041.51, a price-to-earnings-growth ratio of 1.18 and a beta of 0.81. 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 business’s 50 day moving average is $27.14 and its two-hundred day moving average is $23.19. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.05.

Insider Buying and Selling at Centuri

In other news, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the sale, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. The trade was a 24.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on CTRI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. UBS Group increased their price target on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Cantor Fitzgerald initiated coverage on Centuri in a research note on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.40.

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.