State of Wyoming Acquires Shares of 36,943 Centuri Holdings, Inc. $CTRI

Key Points

• The State of Wyoming has acquired a new position in Centuri Holdings, Inc. by purchasing 36,943 shares valued at approximately $605,000.
• Centuri recently reported a quarterly EPS of $0.19, missing analyst expectations of $0.21, but achieved a revenue of $724.05 million, surpassing forecasts.
• Analysts have varied views on Centuri, with Wells Fargo raising its price target to $25.00 and a consensus rating of "Hold" with an average target price of $22.00.

State of Wyoming purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,943 shares of the company's stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Centuri during the fourth quarter worth $2,609,000. Nuveen LLC acquired a new stake in shares of Centuri during the first quarter worth $1,518,000. Millennium Management LLC acquired a new stake in shares of Centuri during the fourth quarter worth $888,000. Wesbanco Bank Inc. acquired a new stake in shares of Centuri during the first quarter worth $670,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Centuri during the fourth quarter worth $682,000.

Wall Street Analyst Weigh In

A number of research firms have commented on CTRI. JPMorgan Chase & Co. raised their price target on shares of Centuri from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, July 22nd. Wells Fargo & Company raised their price target on shares of Centuri from $22.00 to $25.00 and gave the stock an "overweight" rating in a 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.00.

Centuri Stock Up 4.2%

NYSE:CTRI traded up $0.86 during trading hours on Thursday, reaching $21.41. The company had a trading volume of 13,812,650 shares, compared to its average volume of 1,869,127. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $24.60. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -713.30, a P/E/G ratio of 1.00 and a beta of 1.12. The business's 50-day simple moving average is $21.06 and its two-hundred day simple moving average is $19.47. 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 released its quarterly earnings data 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). Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The business had revenue of $724.05 million during 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% on a year-over-year basis. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share for the current 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.