Lighthouse Investment Partners LLC Purchases New Position in Centuri Holdings, Inc. (NYSE:CTRI)

Lighthouse Investment Partners LLC acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,000 shares of the company's stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTRI. FMR LLC increased its holdings in Centuri by 96.3% in the fourth quarter. FMR LLC now owns 8,226,974 shares of the company's stock valued at $158,863,000 after buying an additional 4,036,639 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Centuri during the 4th quarter worth about $2,609,000. Geode Capital Management LLC grew its position in shares of Centuri by 13.3% during the 4th quarter. Geode Capital Management LLC now owns 320,669 shares of the company's stock valued at $6,193,000 after acquiring an additional 37,532 shares during the period. Carronade Capital Management LP increased its stake in shares of Centuri by 2.3% in the 4th quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company's stock valued at $23,646,000 after purchasing an additional 27,743 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Centuri by 381.1% in the 4th quarter. BNP Paribas Financial Markets now owns 32,844 shares of the company's stock valued at $634,000 after purchasing an additional 26,017 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. 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 research report on Thursday, February 27th. Wells Fargo & Company increased their target price on Centuri from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Centuri currently has an average rating of "Hold" and a consensus price target of $19.00.

Centuri Stock Up 2.9%

Shares of CTRI opened at $20.72 on Thursday. The stock has a 50 day moving average price of $17.46 and a 200 day moving average price of $19.31. Centuri Holdings, Inc. has a one year low of $14.46 and a one year high of $28.65. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 1,036.00.

Centuri (NYSE:CTRI - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. The business had revenue of $550.08 million during the quarter, compared to analyst estimates of $534.41 million. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. The business's revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal 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.

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