65,421 Shares in Centuri Holdings, Inc. $CTRI Purchased by Tidal Investments LLC

Key Points

• Tidal Investments LLC acquired 65,421 Centuri shares in the second quarter, valued at approximately $1.98 million and representing 0.06% of the company.
• Centuri reported quarterly EPS of $0.24, beating estimates of $0.21, while revenue rose 32.9% year over year to $959.53 million.
• Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $30.67; the stock opened at $19.14, near its 12-month low.

Tidal Investments LLC acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 65,421 shares of the company's stock, valued at approximately $1,978,000. Tidal Investments LLC owned 0.06% of Centuri as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CTRI. Integrated Wealth Concepts LLC purchased a new position in shares of Centuri in the second quarter worth about $33,000. KBC Group NV bought a new stake in shares of Centuri in the first quarter valued at approximately $67,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Centuri during the 1st quarter valued at approximately $183,000. Jefferies Financial Group Inc. purchased a new stake in shares of Centuri during the 4th quarter valued at approximately $229,000. Finally, Odyssean LLC purchased a new stake in shares of Centuri during the 2nd quarter valued at approximately $318,000.

Centuri Trading Up 0.3%

Shares of Centuri stock opened at $19.14 on Thursday. Centuri Holdings, Inc. has a 12-month low of $19.03 and a 12-month high of $42.99. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 61.73, a PEG ratio of 0.62 and a beta of 1.01. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The company's 50-day moving average price is $23.45 and its 200-day moving average price is $28.42.

Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million during the quarter, compared to analysts' expectations of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. Centuri's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTRI has been the subject of several analyst reports. Weiss Ratings raised shares of Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Bank of America dropped their target price on Centuri from $33.50 to $21.00 and set an "underperform" rating on the stock in a research report on Friday, September 4th. Robert W. Baird set a $33.00 price target on Centuri in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reduced their price target on Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Centuri has an average rating of "Hold" and a consensus price target of $30.67.

About Centuri

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.