Maven Securities LTD Takes Position in Centuri Holdings, Inc. $CTRI

Maven Securities LTD purchased a new position in Centuri Holdings, Inc. (NYSE:CTRI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,058,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 1,874 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Centuri during the third quarter worth about $2,878,000. XTX Topco Ltd bought a new position in Centuri during the third quarter worth about $811,000. Zimmer Partners LP acquired a new position in shares of Centuri during the 3rd quarter worth about $15,062,000. Finally, Alyeska Investment Group L.P. grew its position in shares of Centuri by 25.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 500,000 shares of the company’s stock worth $10,585,000 after buying an additional 100,000 shares during the period.

Centuri Stock Performance

CTRI stock opened at $30.11 on Wednesday. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $32.38. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.04 billion, a PE ratio of 130.93, a P/E/G ratio of 1.20 and a beta of 0.62. The business’s 50-day moving average price is $29.20 and its two-hundred day moving average price is $24.79.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Finally, Cantor Fitzgerald upped their target price on shares of Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.81.

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.