Occudo Quantitative Strategies LP Buys Shares of 35,325 Centuri Holdings, Inc. (NYSE:CTRI)

Occudo Quantitative Strategies LP acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,325 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in shares of Centuri by 96.3% during the fourth quarter. FMR LLC now owns 8,226,974 shares of the company’s stock worth $158,863,000 after purchasing an additional 4,036,639 shares during the period. Vanguard Group Inc. raised its stake in shares of Centuri by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock worth $32,208,000 after purchasing an additional 8,326 shares in the last quarter. Carronade Capital Management LP lifted its stake in Centuri by 2.3% in the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock valued at $23,646,000 after acquiring an additional 27,743 shares during the last quarter. Needham Investment Management LLC boosted its holdings in Centuri by 3.9% in the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock worth $8,644,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Centuri by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 320,669 shares of the company’s stock worth $6,193,000 after buying an additional 37,532 shares during the last quarter.

Centuri Stock Up 2.9%

Shares of CTRI opened at $20.72 on Thursday. The firm has a market capitalization of $1.83 billion and a price-to-earnings ratio of 1,036.00. 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. The business’s fifty day moving average price is $17.46 and its two-hundred day moving average price is $19.31.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. The firm had revenue of $550.08 million during the quarter, compared to analysts’ expectations of $534.41 million. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. Centuri’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

CTRI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised their price objective on Centuri from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Robert W. Baird decreased their target price on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.