Blue Grotto Capital LLC Invests $21.18 Million in Centuri Holdings, Inc. $CTRI

Blue Grotto Capital LLC purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,000,431 shares of the company’s stock, valued at approximately $21,179,000. Centuri makes up about 2.5% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Blue Grotto Capital LLC owned 1.13% of Centuri at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CTRI. JPMorgan Chase & Co. grew its position in Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the period. Amalgamated Bank lifted its position in shares of Centuri by 288.1% during the 3rd 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. Rhumbline Advisers boosted its stake in shares of Centuri by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after acquiring an additional 2,228 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Centuri by 40.5% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 11,100 shares of the company’s stock worth $235,000 after acquiring an additional 3,200 shares during the period.

Centuri Stock Performance

NYSE CTRI opened at $28.77 on Friday. The business’s 50-day moving average price is $29.00 and its 200 day moving average price is $24.54. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The company has a market capitalization of $2.90 billion, a PE ratio of 125.10, a price-to-earnings-growth ratio of 1.20 and a beta of 0.63. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The business had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, research analysts predict that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTRI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Cantor Fitzgerald upped their target price on Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday, February 27th. Wells Fargo & Company raised their price target on Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, UBS Group lifted their price target on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. 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 stock currently has a consensus rating of “Hold” and a consensus price target of $28.81.

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.