Centuri Holdings, Inc. (NYSE:CTRI) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Centuri Holdings by 163.8%, acquiring an additional 16,705 shares to reach a total of 26,901 shares valued at $441,000.
• Centuri reported a quarterly revenue of $550.08 million, surpassing analyst estimates and showing a 4.2% year-over-year growth.
• Research analysts have differing views on Centuri's stock, with Wells Fargo raising its price target to $25.00 while JPMorgan increased it to $19.00.

XTX Topco Ltd raised its stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 163.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,901 shares of the company's stock after acquiring an additional 16,705 shares during the quarter. XTX Topco Ltd's holdings in Centuri were worth $441,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CTRI. American Century Companies Inc. lifted its holdings in Centuri by 26.3% in the fourth quarter. American Century Companies Inc. now owns 19,275 shares of the company's stock valued at $372,000 after acquiring an additional 4,016 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Centuri in the 4th quarter worth $62,000. Vanguard Group Inc. raised its position in Centuri by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company's stock worth $32,208,000 after acquiring an additional 8,326 shares during the period. Corebridge Financial Inc. raised its position in Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after acquiring an additional 1,146 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Centuri by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock worth $248,000 after acquiring an additional 1,335 shares during the period.

Centuri Trading Down 0.2%

Shares of CTRI stock opened at $21.31 on Friday. The stock's fifty day moving average is $21.55 and its two-hundred day moving average is $19.67. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $1.89 billion, a P/E ratio of -710.06, a PEG ratio of 1.14 and a beta of 1.13. Centuri Holdings, Inc. has a fifty-two week low of $14.45 and a fifty-two week high of $24.60.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. Centuri had a positive return on equity of 4.80% and a negative net margin of 0.12%. The company had revenue of $550.08 million for the quarter, compared to analyst estimates of $534.41 million. The business's revenue was up 4.2% compared to the same quarter last year. Research analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CTRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $18.00 to $19.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on shares of Centuri from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st.

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.

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