Wesbanco Bank Inc. Has $1.65 Million Holdings in Centuri Holdings, Inc. $CTRI

Wesbanco Bank Inc. lifted its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 90.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,000 shares of the company’s stock after purchasing an additional 37,100 shares during the period. Wesbanco Bank Inc. owned approximately 0.09% of Centuri worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank raised its position in Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after purchasing an additional 1,691 shares during the last quarter. CWM LLC increased its stake in shares of Centuri by 238.1% in the 2nd quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after buying an additional 1,893 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Centuri during the third quarter worth $119,000. Tower Research Capital LLC TRC lifted its stake in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares during the period. Finally, State of Wyoming bought a new position in Centuri in the third quarter valued at about $128,000.

Centuri Stock Up 2.0%

Centuri stock opened at $30.47 on Wednesday. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 1,016.01, a PEG ratio of 1.13 and a beta of 0.81. The company’s 50 day simple moving average is $26.89 and its 200 day simple moving average is $23.08. 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 fifty-two week low of $14.45 and a fifty-two week high of $30.75.

Insider Buying and Selling at Centuri

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

Analyst Ratings Changes

CTRI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. UBS Group increased their price objective on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, Cantor Fitzgerald began coverage on shares of Centuri in a report on Friday, January 23rd. They set an “overweight” rating and a $34.00 target price for the company. Three equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.