MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Centuri Holdings, Inc. $CTRI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 13,573.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,316,039 shares of the company's stock after buying an additional 1,306,414 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.49% of Centuri worth $21,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Needham Investment Management LLC boosted its position in shares of Centuri by 3.9% during the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock valued at $8,644,000 after acquiring an additional 16,800 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Centuri by 18.6% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the company's stock valued at $2,458,000 after purchasing an additional 23,500 shares in the last quarter. Northern Trust Corp lifted its position in Centuri by 18.5% during the fourth quarter. Northern Trust Corp now owns 138,497 shares of the company's stock valued at $2,674,000 after purchasing an additional 21,586 shares during the last quarter. Nuveen LLC purchased a new position in Centuri in the 1st quarter worth approximately $1,518,000. Finally, Millennium Management LLC bought a new position in shares of Centuri in the 4th quarter worth $888,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTRI. JPMorgan Chase & Co. raised their price objective on shares of 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 raised 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 equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.00.

Centuri Trading Up 5.9%

NYSE:CTRI traded up $1.27 during trading hours on Wednesday, reaching $22.72. The company's stock had a trading volume of 3,873,097 shares, compared to its average volume of 2,454,370. 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 firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -756.91, a PEG ratio of 1.04 and a beta of 1.12. The firm has a 50-day simple moving average of $21.03 and a 200-day simple moving average of $19.53. Centuri Holdings, Inc. has a 1 year low of $14.45 and a 1 year high of $24.60.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data 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). Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The company had revenue of $724.05 million for the quarter, compared to the consensus estimate of $702.35 million. During the same period last year, the business posted $0.20 earnings per share. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

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.