Reinhart Partners LLC. Purchases New Position in Centuri Holdings, Inc. $CTRI

Reinhart Partners LLC. acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, HoldingsChannel.com reports. The firm acquired 3,829,404 shares of the company’s stock, valued at approximately $76,741,000. Centuri comprises about 1.9% of Reinhart Partners LLC.’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in Centuri during the 2nd quarter valued at $33,000. KBC Group NV bought a new position in shares of Centuri during the first quarter valued at $67,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Centuri during the first quarter valued at $183,000. Odyssean LLC purchased a new stake in shares of Centuri during the second quarter valued at $318,000. Finally, Group One Trading LLC boosted its position in shares of Centuri by 4,144.4% during the first quarter. Group One Trading LLC now owns 11,842 shares of the company’s stock valued at $346,000 after buying an additional 11,563 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their target price on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Bank of America dropped their price target on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a report on Friday, September 4th. Weiss Ratings lowered shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Wells Fargo & Company decreased their price objective on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.50.

Insider Activity

In other Centuri news, Director Dustin DeMaria bought 5,200 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the completion of the transaction, the director owned 12,936 shares of the company’s stock, valued at $249,276.72. This represents a 67.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Centuri Stock Up 0.5%

Centuri stock opened at $20.91 on Friday. The stock has a market cap of $2.11 billion, a PE ratio of 67.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. Centuri Holdings, Inc. has a one year low of $19.03 and a one year high of $42.99. The stock has a fifty day moving average of $21.23 and a 200 day moving average of $27.29.

Centuri (NYSE:CTRI) last announced its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The business had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. During the same period last year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, sell-side analysts predict that Centuri Holdings, Inc. will post 0.62 EPS for the current year.

Centuri Company Profile

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.