AYAL Capital Advisors Ltd Invests $5.05 Million in Centuri Holdings, Inc. $CTRI

AYAL Capital Advisors Ltd acquired a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 4th quarter, Holdings Channel reports. The fund acquired 200,000 shares of the company’s stock, valued at approximately $5,050,000. Centuri accounts for approximately 1.8% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of CTRI. Vanguard Group Inc. lifted its position in Centuri by 126.0% in the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after purchasing an additional 4,493,955 shares during the last quarter. Icahn Carl C lifted its position in Centuri by 69.4% in the third quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after purchasing an additional 4,443,795 shares during the last quarter. Wellington Management Group LLP bought a new stake in Centuri in the third quarter valued at approximately $78,222,000. Samlyn Capital LLC bought a new stake in Centuri in the third quarter valued at approximately $36,838,000. Finally, Carronade Capital Management LP lifted its position in Centuri by 125.6% in the third quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after purchasing an additional 1,699,392 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTRI. Cantor Fitzgerald boosted their price objective on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a research report on Sunday. Robert W. Baird set a $41.00 price objective on Centuri in a research report on Friday, May 8th. UBS Group boosted their price objective on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. upped their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Two research 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. According to MarketBeat.com, Centuri currently has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Trading Down 3.6%

NYSE CTRI opened at $29.98 on Thursday. Centuri Holdings, Inc. has a 12 month low of $19.04 and a 12 month high of $42.99. The stock has a market cap of $3.03 billion, a P/E ratio of 88.18, a P/E/G ratio of 1.07 and a beta of 1.06. The stock’s fifty day moving average price is $32.35 and its 200-day moving average price is $29.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

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

Centuri Company 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.