Y Intercept Hong Kong Ltd Makes New Investment in Centuri Holdings, Inc. $CTRI

Y Intercept Hong Kong Ltd acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 64,260 shares of the company’s stock, valued at approximately $1,360,000.

Other large investors also recently made changes to their positions in the company. Strs Ohio bought a new position in shares of Centuri in the third quarter valued at about $167,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Centuri during the third quarter valued at approximately $1,611,000. Amalgamated Bank increased its holdings in shares of Centuri by 288.1% in the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Centuri during the 3rd quarter worth $119,000. Finally, SG Americas Securities LLC bought a new position in Centuri in the 3rd quarter valued at $385,000.

Centuri Stock Performance

Shares of CTRI stock opened at $27.62 on Friday. The stock has a market cap of $2.75 billion, a PE ratio of 920.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82. The stock has a 50-day moving average of $25.95 and a 200-day moving average of $22.66. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. Centuri Holdings, Inc. has a one year low of $14.45 and a one year high of $29.01.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). The firm had revenue of $848.55 million for the quarter, compared to analyst estimates of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, sell-side analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the transaction, the chief executive officer owned 22,089 shares in the company, valued at $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Carl C. Icahn acquired 3,488,372 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $21.50 per share, for a total transaction of $74,999,998.00. Following the completion of the acquisition, the insider owned 14,336,044 shares of the company’s stock, valued at $308,224,946. This trade represents a 32.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wells Fargo & Company upped their target price on shares of Centuri from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Centuri in a report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Centuri presently has an average rating of “Hold” and a consensus target price of $26.40.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.