Greenland Capital Management LP Invests $1.70 Million in Centuri Holdings, Inc. $CTRI

Greenland Capital Management LP bought a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,086 shares of the company’s stock, valued at approximately $1,695,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after purchasing an additional 1,691 shares in the last quarter. CWM LLC increased its holdings in shares of Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after purchasing an additional 1,893 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Centuri in the third quarter worth about $119,000. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 3,037 shares in the last quarter. Finally, State of Wyoming bought a new position in Centuri during the third quarter valued at approximately $128,000.

Centuri Trading Down 2.4%

Shares of CTRI opened at $31.09 on Tuesday. The company’s fifty day simple moving average is $27.85 and its 200-day simple moving average is $23.70. The company has a market cap of $3.10 billion, a P/E ratio of 1,036.68, a P/E/G ratio of 1.20 and a beta of 0.80. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38.

Insiders Place Their Bets

In other Centuri news, CEO Christian Brown sold 7,108 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the sale, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. This trade represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CTRI. JPMorgan Chase & Co. lifted their price objective on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Cantor Fitzgerald started coverage on shares of Centuri in a research report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price target on the stock. UBS Group upped their price target on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Wells Fargo & Company lifted their price objective on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.40.

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.