Verbena Value LP Has $51.74 Million Stock Position in Centuri Holdings, Inc. $CTRI

Verbena Value LP grew its position in Centuri Holdings, Inc. (NYSE:CTRI) by 31.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,771,457 shares of the company’s stock after purchasing an additional 422,593 shares during the quarter. Centuri comprises approximately 8.5% of Verbena Value LP’s investment portfolio, making the stock its 2nd biggest position. Verbena Value LP’s holdings in Centuri were worth $51,744,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in Centuri during the 3rd quarter worth approximately $4,992,000. JPMorgan Chase & Co. grew its holdings in Centuri by 942.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock valued at $3,239,000 after buying an additional 138,349 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in Centuri by 68.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company’s stock valued at $2,676,000 after buying an additional 51,385 shares in the last quarter. Maven Securities LTD bought a new position in Centuri during the 3rd quarter worth $1,058,000. Finally, UBS Group AG increased its position in Centuri by 59.9% during the 4th quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock worth $25,883,000 after buying an additional 384,054 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CTRI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. Wall Street Zen raised shares of Centuri from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Finally, UBS Group lifted their price target on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Centuri presently has a consensus rating of “Hold” and a consensus target price of $37.80.

Centuri Price Performance

Centuri stock opened at $25.73 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 52 week low of $19.04 and a 52 week high of $42.99. The stock has a market capitalization of $2.60 billion, a P/E ratio of 75.69, a price-to-earnings-growth ratio of 0.85 and a beta of 1.06. The stock has a fifty day moving average of $30.75 and a 200-day moving average of $30.08.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million for the quarter, compared to analyst estimates of $618.87 million. During the same period last year, the firm posted ($0.12) earnings per share. Centuri’s revenue was up 31.5% compared to the same quarter last year. On average, sell-side analysts expect that Centuri Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.