Ancora Advisors LLC purchased a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,368 shares of the company's stock, valued at approximately $2,309,000. Ancora Advisors LLC owned about 0.08% of Centuri at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp bought a new position in Centuri in the 2nd quarter valued at $7,827,000. Assenagon Asset Management S.A. bought a new stake in shares of Centuri during the second quarter worth $23,153,000. Militia Capital Management LLC bought a new stake in shares of Centuri during the first quarter worth $615,000. Janus Henderson Group PLC lifted its stake in shares of Centuri by 24.6% during the first quarter. Janus Henderson Group PLC now owns 43,100 shares of the company's stock valued at $1,259,000 after acquiring an additional 8,500 shares during the period. Finally, Irenic Capital Management LP lifted its stake in shares of Centuri by 97.1% during the first quarter. Irenic Capital Management LP now owns 354,771 shares of the company's stock valued at $10,363,000 after acquiring an additional 174,771 shares during the period.
Centuri Stock Performance
Shares of Centuri stock opened at $21.23 on Thursday. The company has a market capitalization of $2.14 billion, a PE ratio of 68.48, a PEG ratio of 0.68 and a beta of 1.10. Centuri Holdings, Inc. has a 12 month low of $19.04 and a 12 month high of $42.99. 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 stock's fifty day simple moving average is $26.16 and its 200 day simple moving average is $29.54.
Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The firm had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company's revenue for the quarter was up 32.9% on a year-over-year basis. On average, research analysts predict that Centuri Holdings, Inc. will post 0.62 EPS for the current year.
Wall Street Analysts Forecast Growth
CTRI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Centuri from $26.00 to $29.00 and gave the stock an "underweight" rating in a research report on Friday, May 8th. Robert W. Baird set a $33.00 target price on shares of Centuri in a research report on Wednesday, August 5th. UBS Group upped their target price on shares of Centuri from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company lowered their price target on shares of Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.60.
Read Our Latest Stock Analysis on Centuri
Centuri Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding CTRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centuri Holdings, Inc. (NYSE:CTRI - Free Report).
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Centuri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centuri wasn't on the list.
While Centuri currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
