Squarepoint Ops LLC Has $2.92 Million Stock Holdings in Centuri Holdings, Inc. $CTRI

Key Points

• Squarepoint Ops LLC cut its Centuri holdings by 45.1% in the second quarter, selling 79,204 shares and retaining 96,603 shares valued at approximately $2.92 million.
• Centuri reported quarterly earnings of $0.24 per share, exceeding estimates of $0.21, while revenue rose 32.9% year over year to $959.53 million. The stock opened at $20.14, near its one-year low of $19.04.
• Analyst sentiment remains mixed, with two Buy, two Hold and two Sell ratings. The consensus rating is Hold, with an average price target of $30.67.

Squarepoint Ops LLC decreased its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,603 shares of the company's stock after selling 79,204 shares during the quarter. Squarepoint Ops LLC owned about 0.10% of Centuri worth $2,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTRI. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company's stock worth $40,000 after buying an additional 1,874 shares during the last quarter. KBC Group NV acquired a new stake in shares of Centuri in the first quarter worth $67,000. Tower Research Capital LLC TRC increased its position in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company's stock worth $124,000 after acquiring an additional 3,037 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Centuri during the 1st quarter valued at $183,000. Finally, Inspire Advisors LLC bought a new stake in Centuri in the 4th quarter valued at $220,000.

Centuri Price Performance

Centuri stock opened at $20.14 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $2.03 billion, a PE ratio of 64.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Centuri Holdings, Inc. has a one year low of $19.04 and a one year high of $42.99. The business has a 50 day simple moving average of $23.90 and a 200 day simple moving average of $28.66.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The firm had revenue of $959.53 million for the quarter, compared to analysts' expectations of $835.99 million. During the same period in the prior year, the business posted $0.19 earnings per share. The business's revenue was up 32.9% compared to the same quarter last year. On average, sell-side analysts forecast that Centuri Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CTRI shares. Weiss Ratings upgraded shares of Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Cantor Fitzgerald boosted their price objective on Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Bank of America cut their target price on Centuri from $33.50 to $21.00 and set an "underperform" rating for the company in a research note on Friday, September 4th. Robert W. Baird set a $33.00 target price on Centuri in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company decreased their price target on shares of Centuri from $37.00 to $29.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Centuri has an average rating of "Hold" and a consensus target price of $30.67.

Centuri Company Profile

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.

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