Hudson Bay Capital Management LP Purchases 51,385 Shares of Centuri Holdings, Inc. $CTRI

Key Points

• Hudson Bay Capital Management LP boosted its stake in Centuri by 68.5% in Q3, purchasing 51,385 shares to hold 126,385 shares (about 0.13% of the company) worth $2.676 million.
• Analyst activity tilted positive with Wells Fargo and Cantor Fitzgerald raising targets to $34 and $35.25 and issuing "overweight" ratings, but the MarketBeat consensus remains a Hold with a $28.81 target.
• Centuri missed EPS expectations ( $0.17 vs. $0.20 ) but reported a revenue beat of $858.6M (up 19.7% YoY); the stock trades near $29.15 with a market cap of about $2.94 billion.

Hudson Bay Capital Management LP increased its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 68.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 126,385 shares of the company's stock after acquiring an additional 51,385 shares during the quarter. Hudson Bay Capital Management LP owned about 0.13% of Centuri worth $2,676,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CTRI. Caitong International Asset Management Co. Ltd increased its stake in shares of Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company's stock worth $40,000 after purchasing an additional 1,874 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company's stock valued at $48,000 after buying an additional 1,691 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company's stock valued at $124,000 after buying an additional 3,037 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Centuri in the 3rd quarter worth approximately $119,000. Finally, State of Wyoming bought a new position in Centuri in the 3rd quarter worth approximately $128,000.

Analyst Ratings Changes

CTRI has been the topic of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of Centuri from $30.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Centuri in a report on Monday, December 29th. Finally, Cantor Fitzgerald lifted their price target on Centuri from $34.00 to $35.25 and gave the company an "overweight" rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.81.

Centuri Stock Performance

NYSE:CTRI opened at $29.15 on Friday. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The stock has a market cap of $2.94 billion, a P/E ratio of 126.73, a PEG ratio of 1.17 and a beta of 0.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The business's 50-day moving average price is $29.42 and its two-hundred day moving average price is $24.95.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $858.60 million during the quarter, compared to analysts' expectations of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. As a group, equities analysts predict that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

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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