Vanguard Group Inc. Sells 42,920 Shares of Centuri Holdings, Inc. $CTRI

Key Points

• Vanguard Group Inc. reduced its holdings in Centuri Holdings by 2.6%, selling 42,920 shares but still retains 1,625,024 shares valued at approximately $26.6 million.
• Centuri's stock price increased by 3.5% to $21.10; the company's 52-week range has been between $14.45 and $24.60.
• Analysts have mixed views on Centuri, with Wells Fargo upgrading its target price to $25, while JPMorgan set a lower target of $19, reflecting a range of investor sentiment.

Vanguard Group Inc. cut its holdings in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,625,024 shares of the company's stock after selling 42,920 shares during the quarter. Vanguard Group Inc. owned approximately 1.84% of Centuri worth $26,634,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Centuri by 11.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock valued at $248,000 after buying an additional 1,335 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Centuri by 20.5% in the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock valued at $192,000 after buying an additional 1,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Centuri by 27.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock valued at $186,000 after buying an additional 2,054 shares in the last quarter. Deutsche Bank AG boosted its stake in Centuri by 31.4% in the fourth quarter. Deutsche Bank AG now owns 8,659 shares of the company's stock valued at $167,000 after buying an additional 2,068 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Centuri by 12.5% in the fourth quarter. Nuveen Asset Management LLC now owns 28,312 shares of the company's stock valued at $547,000 after buying an additional 3,140 shares in the last quarter.

Centuri Trading Down 0.4%

Shares of CTRI stock traded down $0.09 during mid-day trading on Wednesday, reaching $20.59. 886,234 shares of the stock traded hands, compared to its average volume of 1,846,601. The stock's fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $19.46. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $24.60. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -686.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. 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 announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). The firm had revenue of $724.05 million for the quarter, compared to analyst estimates of $702.35 million. Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. On average, research analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Centuri from $22.00 to $25.00 and gave the company 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 company 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.00.

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.