Centuri Holdings, Inc. $CTRI Shares Acquired by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Centuri Holdings position by 798.4% in the first quarter, acquiring 80,703 additional shares for a total of 90,811 shares valued at approximately $2.65 million.
• Centuri reported quarterly revenue of $959.5 million, up 32.9% year over year and above estimates, while earnings per share of $0.24 exceeded consensus by $0.03.
• CTRI shares opened at $23.86, below the analyst consensus price target of $32.40. Analysts’ overall rating is Hold, with two Buy, two Hold, and one Sell rating.

Quantinno Capital Management LP increased its position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 798.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,811 shares of the company's stock after acquiring an additional 80,703 shares during the period. Quantinno Capital Management LP owned about 0.09% of Centuri worth $2,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of Centuri in the third quarter valued at approximately $78,222,000. Icahn Carl C increased its holdings in Centuri by 32.2% in the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company's stock valued at $361,985,000 after buying an additional 3,488,372 shares during the last quarter. Samlyn Capital LLC purchased a new position in shares of Centuri in the 3rd quarter valued at about $36,838,000. Maverick Capital Ltd. acquired a new stake in Centuri during the fourth quarter worth approximately $42,240,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Centuri during the 2nd quarter worth $36,165,000.

Centuri Stock Performance

Shares of CTRI stock opened at $23.86 on Monday. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a fifty day moving average price of $28.15 and a 200 day moving average price of $30.05. The stock has a market cap of $2.41 billion, a PE ratio of 76.98, a P/E/G ratio of 0.79 and a beta of 1.10.

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, beating the consensus estimate of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The firm had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. During the same period last year, the firm posted $0.19 EPS. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. Sell-side analysts forecast that Centuri Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CTRI shares. JPMorgan Chase & Co. boosted their price objective on Centuri from $26.00 to $29.00 and gave the company an "underweight" rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Robert W. Baird set a $33.00 price target on shares of Centuri in a research note on Wednesday. Cantor Fitzgerald lowered their price objective on shares of Centuri from $46.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Centuri from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Centuri currently has a consensus rating of "Hold" and an average target price of $32.40.

Centuri Company Profile

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.

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