Renaissance Technologies LLC Increases Position in Centuri Holdings, Inc. $CTRI

Renaissance Technologies LLC increased its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,300 shares of the company’s stock after acquiring an additional 96,600 shares during the period. Renaissance Technologies LLC’s holdings in Centuri were worth $27,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CTRI. Wellington Management Group LLP bought a new stake in Centuri during the third quarter worth $78,222,000. Icahn Carl C increased its position in shares of Centuri by 32.2% during the 4th quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after purchasing an additional 3,488,372 shares during the last quarter. Samlyn Capital LLC bought a new stake in shares of Centuri during the 3rd quarter worth $36,838,000. Maverick Capital Ltd. purchased a new position in shares of Centuri in the 4th quarter worth about $42,240,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Centuri in the 2nd quarter worth about $36,165,000.

Centuri Stock Performance

Shares of CTRI opened at $24.31 on Thursday. Centuri Holdings, Inc. has a 52-week low of $19.04 and a 52-week high of $42.99. The stock’s 50-day simple moving average is $28.98 and its 200 day simple moving average is $30.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 71.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.06.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. Research analysts forecast that Centuri Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CTRI. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald raised their price target on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their price target on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.