Centuri Holdings, Inc. (NYSE:CTRI) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 381.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,844 shares of the company's stock after purchasing an additional 26,017 shares during the quarter. BNP Paribas Financial Markets' holdings in Centuri were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CTRI. FMR LLC grew its position in shares of Centuri by 96.3% during the 4th quarter. FMR LLC now owns 8,226,974 shares of the company's stock worth $158,863,000 after buying an additional 4,036,639 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Centuri in the fourth quarter worth about $2,609,000. Geode Capital Management LLC lifted its stake in Centuri by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 320,669 shares of the company's stock worth $6,193,000 after acquiring an additional 37,532 shares during the period. Raymond James Financial Inc. bought a new position in Centuri during the 4th quarter worth about $479,000. Finally, Northern Trust Corp increased its position in Centuri by 18.5% during the 4th 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company upped their target price on Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.00.

Centuri Stock Up 6.1%

Shares of Centuri stock traded up $1.14 on Tuesday, reaching $19.78. The stock had a trading volume of 760,164 shares, compared to its average volume of 456,615. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.75 billion and a P/E ratio of 989.00. The company has a 50 day moving average price of $17.92 and a 200 day moving average price of $19.30. Centuri Holdings, Inc. has a 1 year low of $14.46 and a 1 year high of $28.65.

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

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.