Seven Grand Managers LLC Reduces Position in Centuri Holdings, Inc. $CTRI

Seven Grand Managers LLC cut its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the company’s stock after selling 200,000 shares during the quarter. Seven Grand Managers LLC owned about 0.40% of Centuri worth $10,100,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares during the last quarter. CWM LLC grew its holdings in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Centuri during the third quarter valued at $128,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Centuri from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Robert W. Baird set a $41.00 target price on shares of Centuri in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.80.

Centuri Price Performance

Shares of CTRI opened at $31.12 on Thursday. The business’s 50-day moving average is $32.20 and its two-hundred day moving average is $28.66. The company has a market capitalization of $3.14 billion, a P/E ratio of 91.53, a P/E/G ratio of 1.08 and a beta of 1.34. 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 fifty-two week low of $19.04 and a fifty-two week high of $42.99.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. Research analysts predict that Centuri Holdings, Inc. will post 0.59 earnings per share for the current 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.