Quadrature Capital Ltd Invests $964,000 in Centuri Holdings, Inc. $CTRI

Quadrature Capital Ltd purchased a new position in Centuri Holdings, Inc. (NYSE:CTRI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 42,975 shares of the company’s stock, valued at approximately $964,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTRI. Bank of New York Mellon Corp increased its holdings in Centuri by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 35,720 shares of the company’s stock worth $585,000 after purchasing an additional 3,672 shares during the last quarter. XTX Topco Ltd grew its position in shares of Centuri by 163.8% during the first quarter. XTX Topco Ltd now owns 26,901 shares of the company’s stock worth $441,000 after buying an additional 16,705 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Centuri by 5.6% in the first quarter. Deutsche Bank AG now owns 9,143 shares of the company’s stock worth $150,000 after buying an additional 484 shares during the last quarter. Invesco Ltd. acquired a new stake in Centuri in the first quarter valued at $214,000. Finally, Nuveen LLC acquired a new stake in Centuri in the first quarter valued at $1,518,000.

Analyst Ratings Changes

Several research analysts have weighed in on CTRI shares. UBS Group raised their price objective on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. upped their price objective on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.25.

Centuri Trading Up 3.6%

NYSE CTRI opened at $22.49 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. Centuri Holdings, Inc. has a one year low of $14.45 and a one year high of $24.60. The company has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $21.01. The firm has a market capitalization of $2.24 billion, a PE ratio of 749.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.13). Centuri had a return on equity of 6.37% and a net margin of 0.09%.The business had revenue of $848.55 million for the quarter, compared to analyst estimates of $762.06 million. During the same quarter last year, the company earned $0.06 EPS. Centuri’s revenue was up 18.1% compared to the same quarter last year. Centuri has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Centuri

In related news, major shareholder Carl C. Icahn purchased 3,488,372 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of $21.50 per share, with a total value of $74,999,998.00. Following the acquisition, the insider owned 14,336,044 shares in the company, valued at approximately $308,224,946. This trade represents a 32.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Centuri Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.