Militia Capital Management LLC Acquires Shares of 21,048 Centuri Holdings, Inc. $CTRI

Militia Capital Management LLC bought a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the first quarter, HoldingsChannel.com reports. The firm bought 21,048 shares of the company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Centuri by 13,385.7% in 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 period. KBC Group NV acquired a new stake in Centuri during the first quarter worth approximately $67,000. CWM LLC grew its position in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Centuri during the 1st quarter worth $183,000.

Centuri Stock Performance

Shares of NYSE:CTRI opened at $27.76 on Friday. The company’s 50 day simple moving average is $29.27 and its 200 day simple moving average is $30.17. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 81.65, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99.

Centuri (NYSE:CTRI) last announced 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 net margin of 0.98% and a return on equity of 5.64%. The business had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. As a group, research analysts predict that Centuri Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTRI shares. Wall Street Zen downgraded Centuri from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company increased their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Cantor Fitzgerald raised their price target on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Robert W. Baird set a $41.00 price target on Centuri in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.80.

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.