Gamco Investors INC. ET AL Raises Stock Position in 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 grew its position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company's stock after buying an additional 23,500 shares during the period. Gamco Investors INC. ET AL owned 0.17% of Centuri worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRI. Schonfeld Strategic Advisors LLC purchased a new position in shares of Centuri in the fourth quarter valued at $2,609,000. Nuveen LLC purchased a new position in shares of Centuri in the first quarter valued at $1,518,000. Millennium Management LLC purchased a new position in shares of Centuri in the fourth quarter valued at $888,000. Wesbanco Bank Inc. purchased a new position in shares of Centuri in the first quarter valued at $670,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Centuri in the fourth quarter valued at $682,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTRI shares. JPMorgan Chase & Co. lifted their price target on Centuri from $18.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company lifted their price target on Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Centuri has an average rating of "Hold" and an average target price of $22.00.

Centuri Price Performance

NYSE:CTRI traded down $0.15 during trading hours on Wednesday, hitting $20.53. 198,488 shares of the company's stock traded hands, compared to its average volume of 719,239. The firm has a market cap of $1.82 billion, a P/E ratio of -684.11, a P/E/G ratio of 1.03 and a beta of 1.12. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $24.60. The business's fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $19.46. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.59.

Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). The firm had revenue of $724.05 million for the quarter, compared to analysts' expectations 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 was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. On average, research analysts anticipate that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Centuri 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.