180,000 Shares in Centuri Holdings, Inc. $CTRI Acquired by Irenic Capital Management LP

Irenic Capital Management LP purchased a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 180,000 shares of the company’s stock, valued at approximately $4,545,000. Centuri accounts for about 0.3% of Irenic Capital Management LP’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds have also added to or reduced their stakes in CTRI. Vanguard Group Inc. lifted its holdings in Centuri by 126.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after purchasing an additional 4,493,955 shares during the last quarter. Icahn Carl C lifted its holdings in Centuri by 69.4% during the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock worth $229,645,000 after purchasing an additional 4,443,795 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Centuri during the 3rd quarter worth approximately $78,222,000. Samlyn Capital LLC acquired a new stake in Centuri during the 3rd quarter worth approximately $36,838,000. Finally, Carronade Capital Management LP lifted its holdings 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 during the last quarter.

Centuri Trading Down 3.6%

Shares of NYSE:CTRI opened at $29.98 on Thursday. The company has a market capitalization of $3.03 billion, a P/E ratio of 88.18, a P/E/G ratio of 1.07 and a beta of 1.06. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The business’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $29.66.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) earnings per share. On average, research analysts anticipate that Centuri Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

CTRI has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Wells Fargo & Company increased their price target on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Wall Street Zen raised Centuri from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Robert W. Baird set a $41.00 price target on Centuri in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.80.

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.