Aventail Capital Group LP Raises Position in Centuri Holdings, Inc. $CTRI

Aventail Capital Group LP raised its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,023 shares of the company’s stock after acquiring an additional 19,893 shares during the quarter. Aventail Capital Group LP owned approximately 0.11% of Centuri worth $2,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares during the period. State of Alaska Department of Revenue purchased a new stake in Centuri in the third quarter worth $119,000. Tower Research Capital LLC TRC raised its holdings in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares in the last quarter. State of Wyoming bought a new position in Centuri in the third quarter worth $128,000. Finally, Ameritas Investment Partners Inc. lifted its position in Centuri by 251.0% during the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock valued at $129,000 after buying an additional 4,350 shares during the period.

Centuri Trading Up 1.7%

NYSE CTRI opened at $29.30 on Friday. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $32.38. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $29.07 and its 200-day moving average price is $24.64. The stock has a market cap of $2.95 billion, a P/E ratio of 127.38, a P/E/G ratio of 1.18 and a beta of 0.63.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CTRI shares. Cantor Fitzgerald boosted their target price on shares of Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday, February 27th. Wells Fargo & Company lifted their price target on shares of Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Two equities research 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, Centuri currently has an average rating of “Hold” and a consensus target price of $28.81.

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.