1,000,431 Shares in Centuri Holdings, Inc. $CTRI Purchased by Blue Grotto Capital LLC

Blue Grotto Capital LLC bought a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,000,431 shares of the company’s stock, valued at approximately $21,179,000. Centuri comprises 2.5% of Blue Grotto Capital LLC’s holdings, making the stock its 18th biggest position.

Several other large investors have also modified their holdings of CTRI. Amalgamated Bank lifted its holdings in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Centuri in the 3rd quarter worth about $119,000. Tower Research Capital LLC TRC grew its holdings in Centuri by 121.7% in the 2nd 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. State of Wyoming acquired a new position in shares of Centuri during the third quarter valued at $128,000. Finally, Ameritas Investment Partners Inc. increased its stake in Centuri by 251.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock valued at $129,000 after buying an additional 4,350 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CTRI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. UBS Group raised their price objective on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wells Fargo & Company upped their price target on shares of Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald increased their price objective on Centuri from $34.00 to $35.25 and gave the stock an “overweight” rating in a 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.81.

Centuri Price Performance

NYSE CTRI opened at $28.77 on Friday. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The stock has a 50-day simple moving average of $29.00 and a 200 day simple moving average of $24.54. The stock has a market capitalization of $2.90 billion, a PE ratio of 125.10, a P/E/G ratio of 1.20 and a beta of 0.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.78 and a current ratio of 1.78.

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 company 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%. Centuri’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Research analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Centuri 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.