Fox Run Management L.L.C. Makes New $1.02 Million Investment in Centuri Holdings, Inc. $CTRI

Fox Run Management L.L.C. purchased a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,088 shares of the company’s stock, valued at approximately $1,018,000. Fox Run Management L.L.C. owned 0.05% of Centuri as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 4,493,955 shares during the period. Cooper Creek Partners Management LLC bought a new stake in Centuri during the second quarter valued at $49,416,000. Balyasny Asset Management L.P. bought a new position in Centuri in the 2nd quarter worth about $36,165,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Centuri in the 2nd quarter valued at about $30,725,000. Finally, Carronade Capital Management LP boosted its position in shares of Centuri by 1,394.5% during the 2nd quarter. Carronade Capital Management LP now owns 1,353,425 shares of the company’s stock valued at $30,371,000 after acquiring an additional 1,262,867 shares during the last quarter.

Centuri Stock Down 1.1%

CTRI opened at $30.62 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $32.38. The business’s 50-day moving average price is $28.06 and its 200-day moving average price is $23.82. The company has a market cap of $3.05 billion, a P/E ratio of 1,021.11, a P/E/G ratio of 1.17 and a beta of 0.81.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) 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 the consensus estimate of $740.62 million. Centuri had a return on equity of 6.37% and a net margin of 0.09%.The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CTRI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on shares of Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Cantor Fitzgerald began coverage on shares of Centuri in a report on Friday, January 23rd. They set an “overweight” rating and a $34.00 price objective for the company. 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 research report on Thursday, November 13th. Finally, Wells Fargo & Company raised their price target on Centuri from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.40.

Insider Buying and Selling

In other Centuri news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.51, for a total transaction of $174,217.08. Following the completion of the transaction, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. This represents a 24.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

Centuri 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.