Centuri Holdings, Inc. $CTRI Shares Sold by Seven Grand Managers LLC

Seven Grand Managers LLC reduced its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 33.3% during the 4th quarter, HoldingsChannel reports. The fund owned 400,000 shares of the company’s stock after selling 200,000 shares during the period. Seven Grand Managers LLC’s holdings in Centuri were worth $10,100,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Icahn Carl C boosted its stake in shares of Centuri by 69.4% during the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock worth $229,645,000 after acquiring an additional 4,443,795 shares in the last quarter. Vanguard Group Inc. grew its holdings in Centuri by 126.0% in the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after purchasing an additional 4,493,955 shares during the period. Wellington Management Group LLP acquired a new stake in Centuri in the third quarter valued at approximately $78,222,000. Carronade Capital Management LP grew its holdings in Centuri by 125.6% in the third quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after purchasing an additional 1,699,392 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Centuri by 77.2% in the third quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock valued at $60,442,000 after purchasing an additional 1,243,451 shares during the period.

Centuri Stock Down 0.6%

CTRI opened at $31.12 on Thursday. Centuri Holdings, Inc. has a twelve month low of $19.04 and a twelve month high of $42.99. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $32.20 and a 200 day moving average price of $28.66. The company has a market cap of $3.14 billion, a PE ratio of 91.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Sell-side analysts expect that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CTRI has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen raised Centuri from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $41.00 price objective on Centuri in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald upped their price target on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.