SG Americas Securities LLC Acquires 445,889 Shares of Centuri Holdings, Inc. $CTRI

SG Americas Securities LLC lifted its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 2,451.8% during the 4th quarter, HoldingsChannel reports. The fund owned 464,075 shares of the company’s stock after buying an additional 445,889 shares during the period. SG Americas Securities LLC’s holdings in Centuri were worth $11,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after acquiring an additional 1,874 shares during the period. Amalgamated Bank increased its stake in Centuri by 288.1% in the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after acquiring an additional 1,691 shares during the period. State of Alaska Department of Revenue acquired a new position in Centuri in the third quarter worth about $119,000. Tower Research Capital LLC TRC raised its position in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares in the last quarter. Finally, State of Wyoming bought a new position in Centuri during the third quarter worth about $128,000.

Analyst Ratings Changes

CTRI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Finally, Cantor Fitzgerald raised their target price on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.35.

Centuri Trading Down 0.9%

Shares of CTRI stock opened at $29.41 on Friday. The company has a market capitalization of $2.96 billion, a P/E ratio of 127.85, a P/E/G ratio of 1.18 and a beta of 0.63. Centuri Holdings, Inc. has a 12-month low of $14.45 and a 12-month high of $32.38. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $29.71 and a 200 day moving average price of $25.25.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $858.60 million for the quarter, compared to the consensus estimate of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. Research analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

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.