Militia Capital Management LLC Purchases New Holdings in Centuri Holdings, Inc. $CTRI

Militia Capital Management LLC acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,048 shares of the company’s stock, valued at approximately $615,000.

Several other large investors have also recently bought and sold shares of CTRI. UBS Group AG lifted its stake in shares of Centuri by 59.9% during the fourth quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock valued at $25,883,000 after acquiring an additional 384,054 shares during the period. William Blair Investment Management LLC acquired a new stake in Centuri in the fourth quarter worth about $20,233,000. Verbena Value LP raised its holdings in Centuri by 31.3% during the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after purchasing an additional 422,593 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Centuri during the 3rd quarter worth about $4,992,000. Finally, Needham Investment Management LLC lifted its position in Centuri by 29.7% during the 4th quarter. Needham Investment Management LLC now owns 797,628 shares of the company’s stock valued at $20,140,000 after purchasing an additional 182,500 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CTRI shares. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald raised their price objective on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. UBS Group lifted their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Centuri has an average rating of “Hold” and a consensus price target of $37.80.

Centuri Stock Up 0.9%

Shares of Centuri stock opened at $28.09 on Tuesday. The company has a market capitalization of $2.83 billion, a P/E ratio of 82.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. 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 has a 50-day moving average of $28.83 and a two-hundred day moving average of $30.18. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million for the quarter, compared to analysts’ expectations of $618.87 million. During the same quarter in the previous year, the business posted ($0.12) EPS. Centuri’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities analysts predict that Centuri Holdings, Inc. will post 0.61 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.