Swiss National Bank Boosts Stake in Centuri Holdings, Inc. $CTRI

Swiss National Bank boosted its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 163.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 67,600 shares of the company’s stock after buying an additional 41,900 shares during the quarter. Swiss National Bank’s holdings in Centuri were worth $1,517,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Centuri by 13,573.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,316,039 shares of the company’s stock worth $21,570,000 after buying an additional 1,306,414 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Centuri by 59.1% during the 2nd quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock valued at $11,847,000 after acquiring an additional 195,992 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Centuri by 164.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after acquiring an additional 95,585 shares during the period. Nuveen LLC purchased a new stake in Centuri in the 1st quarter worth approximately $1,518,000. Finally, State of Wyoming purchased a new stake in Centuri in the 1st quarter worth approximately $605,000.

Insider Activity at Centuri

In related news, major shareholder Carl C. Icahn acquired 3,488,372 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of $21.50 per share, with a total value of $74,999,998.00. Following the acquisition, the insider directly owned 14,336,044 shares of the company’s stock, valued at approximately $308,224,946. This trade represents a 32.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

Centuri Trading Up 1.0%

Shares of CTRI opened at $25.51 on Monday. The firm has a market cap of $2.54 billion, a P/E ratio of 850.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.94. 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 1 year low of $14.45 and a 1 year high of $25.72. The company has a 50 day simple moving average of $21.05 and a two-hundred day simple moving average of $21.19.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). The company had revenue of $848.55 million for the quarter, compared to the consensus estimate of $762.06 million. Centuri had a return on equity of 6.37% and a net margin of 0.09%.Centuri’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CTRI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 1st. Finally, UBS Group upped their target price on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Centuri has an average rating of “Hold” and an average price target of $23.25.

Centuri Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.