Occudo Quantitative Strategies LP Makes New $682,000 Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Occudo Quantitative Strategies LP acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,325 shares of the company's stock, valued at approximately $682,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Centuri during the 4th quarter valued at about $479,000. Barclays PLC grew its position in shares of Centuri by 410.4% in the 3rd quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after buying an additional 19,022 shares during the last quarter. Corebridge Financial Inc. increased its stake in shares of Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after buying an additional 1,146 shares during the period. Quantbot Technologies LP purchased a new position in shares of Centuri during the fourth quarter valued at approximately $280,000. Finally, Rhumbline Advisers raised its holdings in shares of Centuri by 5.7% during the fourth quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after acquiring an additional 1,000 shares in the last quarter.

Centuri Stock Down 2.3%

Shares of NYSE CTRI traded down $0.45 during mid-day trading on Friday, hitting $19.52. 285,836 shares of the stock traded hands, compared to its average volume of 431,784. The company has a market cap of $1.73 billion and a price-to-earnings ratio of 976.00. The stock has a fifty day moving average price of $17.59 and a 200-day moving average price of $19.33. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week 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.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate 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 return on equity of 55.33% and a negative net margin of 8.90%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CTRI shares. Wells Fargo & Company lifted their price target on shares of Centuri from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Robert W. Baird dropped their target price on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.00.

About Centuri

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.