Aventail Capital Group LP Boosts Stake in Centuri Holdings, Inc. $CTRI

Aventail Capital Group LP lifted its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,023 shares of the company’s stock after buying an additional 19,893 shares during the period. Aventail Capital Group LP’s holdings in Centuri were worth $2,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTRI. Geode Capital Management LLC grew its stake in shares of Centuri by 59.1% in the second quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock worth $11,847,000 after acquiring an additional 195,992 shares during the period. Quadrature Capital Ltd purchased a new stake in Centuri in the second quarter worth approximately $964,000. New York State Common Retirement Fund grew its position in Centuri by 3,300.4% in the 3rd quarter. New York State Common Retirement Fund now owns 187,023 shares of the company’s stock worth $3,959,000 after purchasing an additional 181,523 shares during the period. Citigroup Inc. grew its position in Centuri by 492.0% in the 3rd quarter. Citigroup Inc. now owns 92,634 shares of the company’s stock worth $1,961,000 after purchasing an additional 76,987 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Centuri during the 3rd quarter valued at $1,611,000.

Wall Street Analysts Forecast Growth

CTRI has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Finally, Cantor Fitzgerald raised their target price on Centuri from $34.00 to $35.25 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Centuri has an average rating of “Hold” and an average price target of $28.81.

Centuri Trading Up 1.7%

NYSE:CTRI opened at $29.30 on Friday. Centuri Holdings, Inc. has a one year low of $14.45 and a one year high of $32.38. The business has a fifty day moving average price of $29.07 and a 200-day moving average price of $24.64. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 127.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78.

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

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.