State of Wyoming Makes New Investment in 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 position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,943 shares of the company's stock, valued at approximately $605,000.

A number of other hedge funds also recently bought and sold shares of CTRI. Deutsche Bank AG lifted its position in shares of Centuri by 5.6% in the first quarter. Deutsche Bank AG now owns 9,143 shares of the company's stock valued at $150,000 after acquiring an additional 484 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Centuri by 11.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock worth $248,000 after acquiring an additional 1,335 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Centuri by 20.5% in the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after acquiring an additional 1,690 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Centuri by 27.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock worth $186,000 after acquiring an additional 2,054 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Centuri by 12.5% in the fourth quarter. Nuveen Asset Management LLC now owns 28,312 shares of the company's stock worth $547,000 after acquiring an additional 3,140 shares during the last quarter.

Centuri Stock Performance

Shares of Centuri stock opened at $21.30 on Friday. Centuri Holdings, Inc. has a one year low of $14.45 and a one year high of $24.60. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -709.60, a PEG ratio of 1.03 and a beta of 1.13. 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 business's 50 day moving average price is $21.14 and its 200 day moving average price is $19.47.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). Centuri had a positive return on equity of 4.74% and a negative net margin of 0.12%.The company had revenue of $724.05 million for the quarter, compared to analysts' expectations of $702.35 million. During the same quarter in the previous year, the business posted $0.20 EPS. The business's quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

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

Centuri Company 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.

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