Wesbanco Bank Inc. Makes New Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Wesbanco Bank Inc. bought a new position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,900 shares of the company's stock, valued at approximately $670,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Centuri by 18.8% in the first quarter. Rhumbline Advisers now owns 21,960 shares of the company's stock worth $360,000 after acquiring an additional 3,475 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in 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 in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Centuri during the fourth quarter valued at $682,000. Needham Investment Management LLC lifted its holdings in shares of Centuri by 3.9% during the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock valued at $8,644,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Centuri during the fourth quarter valued at $888,000.

Centuri Stock Performance

CTRI stock traded down $0.60 during trading on Friday, reaching $21.92. The stock had a trading volume of 322,373 shares, compared to its average volume of 472,318. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $26.84. The stock's 50 day moving average is $19.34 and its two-hundred day moving average is $19.41. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1.94 billion, a PE ratio of 1,096.00, a PEG ratio of 10.61 and a beta of 1.06.

Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. The company had revenue of $550.08 million for the quarter, compared to the consensus estimate of $534.41 million. The business's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTRI has been the topic of a number of research analyst reports. Robert W. Baird lowered their price target on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company upped their price target on Centuri from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Centuri currently has a consensus rating of "Hold" and an average price target of $19.00.

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.