Hsbc Holdings PLC Buys 32,379 Shares of Centuri Holdings, Inc. $CTRI

Hsbc Holdings PLC increased its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 63.3% in the 1st quarter, Holdings Channel reports. The fund owned 83,507 shares of the company’s stock after buying an additional 32,379 shares during the quarter. Hsbc Holdings PLC’s holdings in Centuri were worth $2,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares in the last quarter. CWM LLC increased its position in shares of Centuri by 59.7% during the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after purchasing an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of Centuri during the 4th quarter valued at about $220,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Centuri during the 4th quarter valued at about $229,000.

Centuri Price Performance

CTRI opened at $27.64 on Friday. 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 stock’s 50 day simple moving average is $29.20 and its 200 day simple moving average is $30.15. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 0.91 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.

Centuri (NYSE:CTRI) last announced 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. The firm had revenue of $688.69 million during 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 business’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share. As a group, analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

CTRI has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $41.00 target price on shares of Centuri in a report on Friday, May 8th. 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 research report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.80.

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.