Penn Capital Management Company LLC Increases Position in Centuri Holdings, Inc. $CTRI

Penn Capital Management Company LLC lifted its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 378.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,571 shares of the company’s stock after buying an additional 339,760 shares during the quarter. Penn Capital Management Company LLC’s holdings in Centuri were worth $9,100,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Icahn Carl C lifted its position in shares of Centuri by 69.4% during the third quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock worth $229,645,000 after purchasing an additional 4,443,795 shares during the last quarter. Vanguard Group Inc. increased its stake in Centuri by 126.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after buying an additional 4,493,955 shares during the period. Wellington Management Group LLP purchased a new position in Centuri in the 3rd quarter worth about $78,222,000. Carronade Capital Management LP lifted its holdings in Centuri by 125.6% during the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after buying an additional 1,699,392 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Centuri by 77.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock valued at $60,442,000 after buying an additional 1,243,451 shares in the last quarter.

Centuri Price Performance

CTRI opened at $30.11 on Wednesday. The firm has a market capitalization of $3.04 billion, a PE ratio of 130.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The business’s 50-day moving average is $29.20 and its two-hundred day moving average is $24.79. Centuri Holdings, Inc. has a 1 year low of $14.45 and a 1 year high of $32.38.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 0.76% and a return on equity of 5.09%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. Research analysts anticipate that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CTRI. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Cantor Fitzgerald boosted their price target on Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Wells Fargo & Company increased their price objective on Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.81.

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.