Tudor Investment Corp ET AL Takes Position in Centuri Holdings, Inc. $CTRI

Tudor Investment Corp ET AL bought a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 235,806 shares of the company’s stock, valued at approximately $4,992,000.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 valued at $40,000 after buying an additional 1,874 shares during the period. Amalgamated Bank increased its stake in shares of Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Centuri during the third quarter valued at approximately $119,000. Tower Research Capital LLC TRC grew its stake in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares during the period. Finally, State of Wyoming purchased a new stake in Centuri in the third quarter worth $128,000.

Centuri Price Performance

Shares of CTRI stock opened at $32.14 on Thursday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 139.73, a PEG ratio of 1.20 and a beta of 0.73. The business’s fifty day moving average is $29.99 and its 200 day moving average is $25.67. Centuri Holdings, Inc. has a twelve month low of $14.87 and a twelve month high of $32.96. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Research analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CTRI shares. Wells Fargo & Company reduced their price target on Centuri from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Cantor Fitzgerald upped their price target on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.85.

View Our Latest Research Report on Centuri

Centuri Company Profile

(Free Report)

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.

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