Gamco Investors INC. ET AL Acquires 23,500 Shares of Centuri Holdings, Inc. $CTRI

Key Points

• Gamco Investors INC. increased its stake in Centuri Holdings, Inc. by 18.6%, holding approximately 150,000 shares valued at $2.46 million.
• Centuri's stock opened at $21.10, with a one-year range between $14.45 and $24.60, and it reported a negative net margin of 0.12% in its latest earnings.
• Analysts have mixed ratings for Centuri, with a consensus rating of "Hold" and a price target of $22.00, indicating potential for growth but caution among some investors.

Gamco Investors INC. ET AL boosted its stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 18.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,000 shares of the company's stock after purchasing an additional 23,500 shares during the quarter. Gamco Investors INC. ET AL owned about 0.17% of Centuri worth $2,458,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG raised its position in shares of Centuri by 5.6% during the 1st quarter. Deutsche Bank AG now owns 9,143 shares of the company's stock valued at $150,000 after acquiring an additional 484 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Centuri by 27.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock valued at $186,000 after purchasing an additional 2,054 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Centuri by 20.5% during the 4th 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. Wells Fargo & Company MN lifted its holdings in shares of Centuri by 54.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,649 shares of the company's stock worth $206,000 after purchasing an additional 3,736 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Centuri during the 1st quarter valued at approximately $214,000.

Centuri Stock Down 3.0%

Shares of Centuri stock traded down $0.65 on Tuesday, hitting $20.60. The company had a trading volume of 930,094 shares, compared to its average volume of 715,439. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -684.94, a P/E/G ratio of 1.03 and a beta of 1.12. Centuri Holdings, Inc. has a 1 year low of $14.45 and a 1 year high of $24.60. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50 day moving average of $21.14 and a 200-day moving average of $19.45.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTRI. JPMorgan Chase & Co. raised their target price on Centuri from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company raised their target price on Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $22.00.

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.