80,086 Shares in Centuri Holdings, Inc. $CTRI Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new position in Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 80,086 shares of the company’s stock, valued at approximately $1,695,000. Greenland Capital Management LP owned 0.09% of Centuri at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Centuri by 6.5% in the 2nd 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 last quarter. Amalgamated Bank lifted its holdings in Centuri by 288.1% in the third 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. CWM LLC boosted its position in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after purchasing an additional 1,893 shares during the last quarter. Rhumbline Advisers grew 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 valued at $543,000 after purchasing an additional 2,228 shares during the period. Finally, Tower Research Capital LLC TRC grew 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 valued at $124,000 after purchasing an additional 3,037 shares during the period.

Centuri Trading Down 2.4%

Shares of Centuri stock opened at $31.09 on Tuesday. Centuri Holdings, Inc. has a fifty-two week low of $14.45 and a fifty-two week high of $32.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $3.10 billion, a P/E ratio of 1,036.68, a P/E/G ratio of 1.20 and a beta of 0.80. The company has a fifty day moving average of $27.85 and a 200 day moving average of $23.70.

Insider Buying and Selling at Centuri

In related news, CEO Christian Brown sold 7,108 shares of the 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 completion of the sale, the chief executive officer owned 22,089 shares in the company, valued at approximately $541,401.39. This trade represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Centuri 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.