Y Intercept Hong Kong Ltd Buys New Stake in Centuri Holdings, Inc. $CTRI

Y Intercept Hong Kong Ltd bought a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,260 shares of the company’s stock, valued at approximately $1,360,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Centuri at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Amalgamated Bank boosted its stake in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after acquiring an additional 1,691 shares during the last quarter. CWM LLC grew its position in shares of Centuri by 238.1% during the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after acquiring an additional 1,893 shares during the last quarter. Tower Research Capital LLC TRC grew its position in 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 last quarter. State of Alaska Department of Revenue acquired a new stake in Centuri in the 3rd quarter valued at approximately $119,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Centuri by 146.9% during the second quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the company’s stock valued at $177,000 after purchasing an additional 4,700 shares in the last quarter.

Centuri Stock Down 0.8%

Shares of CTRI opened at $27.62 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. The company has a 50-day simple moving average of $25.95 and a 200-day simple moving average of $22.66. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $29.01. The firm has a market capitalization of $2.75 billion, a P/E ratio of 920.97, a P/E/G ratio of 1.05 and a beta of 0.82.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). The firm had revenue of $848.55 million for the quarter, compared to the consensus estimate of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group boosted 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. Cantor Fitzgerald assumed coverage on Centuri in a research note on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. 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 note on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.40.

Insiders Place Their Bets

In related news, CEO Christian Brown sold 7,108 shares of the 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 completion of the transaction, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Carl C. Icahn purchased 3,488,372 shares of the business’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of $21.50 per share, with a total value of $74,999,998.00. Following the purchase, the insider owned 14,336,044 shares of the company’s stock, valued at approximately $308,224,946. This trade represents a 32.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.15% of the company’s stock.

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.