Luxor Capital Group LP Sells 127,577 Shares of Centuri Holdings, Inc. $CTRI

Luxor Capital Group LP trimmed its position in Centuri Holdings, Inc. (NYSE:CTRI) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 596,723 shares of the company’s stock after selling 127,577 shares during the quarter. Centuri makes up 1.2% of Luxor Capital Group LP’s holdings, making the stock its 15th largest position. Luxor Capital Group LP’s holdings in Centuri were worth $17,430,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CTRI. Caitong International Asset Management Co. Ltd grew its holdings in Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the period. KBC Group NV bought a new stake in Centuri in the first quarter valued at approximately $67,000. CWM LLC lifted its position in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Centuri during the 1st quarter worth approximately $183,000.

Centuri Trading Down 0.2%

Shares of CTRI stock opened at $27.64 on Friday. Centuri Holdings, Inc. has a 12-month low of $19.04 and a 12-month high of $42.99. The company has a market capitalization of $2.79 billion, a PE ratio of 81.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The firm has a 50 day moving average price of $29.20 and a two-hundred day moving average price of $30.15. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) earnings per share. As a group, analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CTRI shares. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price objective on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group upped their price objective on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Cantor Fitzgerald upped their price objective on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.80.

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.