UBS Group AG Grows Position in Centuri Holdings, Inc. $CTRI

UBS Group AG lifted its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,025,061 shares of the company’s stock after purchasing an additional 384,054 shares during the quarter. UBS Group AG’s holdings in Centuri were worth $25,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CTRI. Vanguard Group Inc. grew its holdings in shares of Centuri by 126.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after purchasing an additional 4,493,955 shares during the period. Icahn Carl C raised its position in Centuri by 69.4% in the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after purchasing an additional 4,443,795 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Centuri during the 3rd quarter worth about $78,222,000. Samlyn Capital LLC purchased a new position in Centuri during the 3rd quarter worth approximately $36,838,000. Finally, Carronade Capital Management LP grew its stake in Centuri by 125.6% during the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock worth $64,628,000 after buying an additional 1,699,392 shares during the last quarter.

Centuri Trading Up 0.0%

NYSE:CTRI opened at $34.53 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. Centuri Holdings, Inc. has a one year low of $17.97 and a one year high of $42.99. The business’s 50-day simple moving average is $31.88 and its 200 day simple moving average is $27.61. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 101.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. The business had revenue of $688.69 million for the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts predict that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CTRI shares. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald lifted their price objective on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Wells Fargo & Company lifted their price objective on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. boosted their price target on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.68.

About Centuri

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.