Versor Investments LP Buys Shares of 21,100 Centuri Holdings, Inc. $CTRI

Versor Investments LP purchased a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 21,100 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds have also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its position in Centuri by 90.7% during the third quarter. Wesbanco Bank Inc. now owns 78,000 shares of the company’s stock worth $1,651,000 after purchasing an additional 37,100 shares in the last quarter. ProShare Advisors LLC purchased a new position in Centuri during the 3rd quarter valued at about $255,000. Optimize Financial Inc acquired a new position in Centuri during the third quarter worth about $248,000. State of Wyoming purchased a new stake in shares of Centuri in the third quarter valued at about $128,000. Finally, Arizona State Retirement System grew its position in shares of Centuri by 129.0% in the third quarter. Arizona State Retirement System now owns 23,641 shares of the company’s stock valued at $500,000 after purchasing an additional 13,317 shares during the last quarter.

Insider Buying and Selling at Centuri

In related news, CEO Christian Brown sold 7,108 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $24.51, for a total transaction of $174,217.08. Following the sale, the chief executive officer directly owned 22,089 shares in the company, valued at approximately $541,401.39. This trade represents a 24.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Cantor Fitzgerald started coverage on Centuri in a report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price target for the company. UBS Group lifted their price target on Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.40.

Centuri Stock Down 0.6%

Shares of Centuri stock opened at $31.24 on Friday. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.05. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 1,041.51, a price-to-earnings-growth ratio of 1.18 and a beta of 0.81. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average price of $27.14 and a 200 day moving average price of $23.19.

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.