Millennium Management LLC Purchases Shares of 45,976 Centuri Holdings, Inc. (NYSE:CTRI)

Millennium Management LLC purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,976 shares of the company's stock, valued at approximately $888,000. Millennium Management LLC owned about 0.05% of Centuri as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company's stock valued at $158,863,000 after buying an additional 4,036,639 shares during the period. Vanguard Group Inc. increased its position in shares of Centuri by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company's stock valued at $32,208,000 after acquiring an additional 8,326 shares during the last quarter. Carronade Capital Management LP raised its stake in shares of Centuri by 2.3% in the 4th quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company's stock valued at $23,646,000 after acquiring an additional 27,743 shares during the period. Geode Capital Management LLC boosted its position in shares of Centuri by 13.3% during the 4th quarter. Geode Capital Management LLC now owns 320,669 shares of the company's stock worth $6,193,000 after purchasing an additional 37,532 shares during the period. Finally, Northern Trust Corp raised its position in Centuri by 18.5% in the fourth quarter. Northern Trust Corp now owns 138,497 shares of the company's stock valued at $2,674,000 after purchasing an additional 21,586 shares during the period.

Centuri Price Performance

NYSE CTRI traded down $0.16 during trading hours on Monday, reaching $22.66. The company's stock had a trading volume of 405,318 shares, compared to its average volume of 468,611. Centuri Holdings, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $28.65. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The company's 50-day moving average is $18.70 and its two-hundred day moving average is $19.32. The stock has a market cap of $2.01 billion, a PE ratio of 1,133.00, a PEG ratio of 10.61 and a beta of 1.06.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $550.08 million for the quarter, compared to the consensus estimate of $534.41 million. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. The business's revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Centuri has an average rating of "Hold" and a consensus target price of $19.00.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.