Northern Right Capital Management L.P. Invests $6.80 Million in Centuri Holdings, Inc. $CTRI

Northern Right Capital Management L.P. bought a new stake in Centuri Holdings, Inc. (NYSE:CTRI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 321,129 shares of the company’s stock, valued at approximately $6,798,000. Centuri makes up approximately 2.1% of Northern Right Capital Management L.P.’s holdings, making the stock its 17th biggest position. Northern Right Capital Management L.P. owned approximately 0.36% of Centuri as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Icahn Carl C increased its position in Centuri by 69.4% during the third quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock worth $229,645,000 after buying an additional 4,443,795 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Centuri by 126.0% in the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after acquiring an additional 4,493,955 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Centuri during the third quarter valued at $78,222,000. Carronade Capital Management LP increased its position in Centuri by 125.6% during the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock worth $64,628,000 after purchasing an additional 1,699,392 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Centuri by 77.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock worth $60,442,000 after purchasing an additional 1,243,451 shares in the last quarter.

Centuri Stock Performance

NYSE:CTRI opened at $29.80 on Tuesday. 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 company has a 50-day moving average of $29.14 and a 200-day moving average of $24.73. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 129.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Centuri (NYSE:CTRI) last released its 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). The business had revenue of $858.60 million for the quarter, compared to analyst estimates of $740.62 million. Centuri had a net margin of 0.76% and a return on equity of 5.09%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CTRI shares. Cantor Fitzgerald upped 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on shares of Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Centuri currently has a consensus rating of “Hold” and a consensus target price of $28.81.

About Centuri

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.