WINTON GROUP Ltd Sells 55,963 Shares of Centuri Holdings, Inc. $CTRI

Key Points

• WINTON GROUP Ltd cut its Centuri Holdings stake by 76.2% in the second quarter, selling 55,963 shares and retaining 17,503 shares valued at approximately $529,000.
• Analyst sentiment remains mixed, with Centuri holding an average “Hold” rating and an average price target of $30.67. Recent targets ranged from $29 to $36.
• 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. However, shares opened at $19.05, near their 52-week low of $19.03.

WINTON GROUP Ltd reduced its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 76.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,503 shares of the company's stock after selling 55,963 shares during the quarter. WINTON GROUP Ltd's holdings in Centuri were worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Verbena Value LP boosted its holdings in Centuri by 31.3% during the first quarter. Verbena Value LP now owns 1,771,457 shares of the company's stock worth $51,744,000 after purchasing an additional 422,593 shares during the last quarter. Renaissance Technologies LLC lifted its position in Centuri by 11.5% during the 1st quarter. Renaissance Technologies LLC now owns 934,300 shares of the company's stock worth $27,291,000 after buying an additional 96,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Centuri by 46.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company's stock worth $25,998,000 after buying an additional 281,264 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Centuri during the 4th quarter worth about $20,233,000. Finally, Needham Investment Management LLC boosted its stake in shares of Centuri by 29.7% during the 4th quarter. Needham Investment Management LLC now owns 797,628 shares of the company's stock worth $20,140,000 after buying an additional 182,500 shares during the last quarter.

Analysts Set New Price Targets

CTRI has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Centuri from $37.00 to $29.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen lowered Centuri from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Cantor Fitzgerald upped their target price on shares of Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Robert W. Baird set a $33.00 target price on shares of Centuri in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Centuri currently has an average rating of "Hold" and an average price target of $30.67.

Centuri Trading Down 2.7%

CTRI stock opened at $19.05 on Wednesday. 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 fifty day moving average price of $23.59 and a two-hundred day moving average price of $28.50. Centuri Holdings, Inc. has a one year low of $19.03 and a one year high of $42.99. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01.

Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The company's revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts anticipate that Centuri Holdings, Inc. will post 0.62 EPS for the current year.

About Centuri

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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