XTX Topco Ltd Purchases 16,705 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

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 grew its holdings in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 163.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,901 shares of the company's stock after purchasing an additional 16,705 shares during the period. XTX Topco Ltd's holdings in Centuri were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Centuri during the 4th quarter worth approximately $62,000. Corebridge Financial Inc. boosted 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 purchasing an additional 1,146 shares during the period. Deutsche Bank AG boosted its position in Centuri by 31.4% during the fourth quarter. Deutsche Bank AG now owns 8,659 shares of the company's stock worth $167,000 after purchasing an additional 2,068 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Centuri by 27.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock worth $186,000 after purchasing an additional 2,054 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Centuri by 20.5% during the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after purchasing an additional 1,690 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on CTRI. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. lifted 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.

Centuri Stock Performance

CTRI stock traded up $0.38 during trading hours on Tuesday, hitting $20.59. 290,617 shares of the stock were exchanged, compared to its average volume of 633,540. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $1.83 billion, a P/E ratio of -683.61 and a beta of 1.13. The company has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $19.59. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $24.60.

Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). The company had revenue of $724.05 million during the quarter, compared to the consensus estimate of $702.35 million. Centuri had a positive return on equity of 4.74% and a negative net margin of 0.12%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. On average, analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Centuri Company Profile

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.