Healthcare of Ontario Pension Plan Trust Fund Has $8.27 Million Stock Holdings in Centuri Holdings, Inc. $CTRI

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 8.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 283,212 shares of the company’s stock after acquiring an additional 21,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.28% of Centuri worth $8,273,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of Centuri during the 3rd quarter worth about $78,222,000. Icahn Carl C raised its position in shares of Centuri by 32.2% in the 4th quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after acquiring an additional 3,488,372 shares during the period. Samlyn Capital LLC acquired a new stake in shares of Centuri in the 3rd quarter valued at approximately $36,838,000. Maverick Capital Ltd. bought a new position in Centuri during the 4th quarter worth approximately $42,240,000. Finally, Balyasny Asset Management L.P. acquired a new position in Centuri during the second quarter valued at approximately $36,165,000.

Wall Street Analysts Forecast Growth

CTRI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. Cantor Fitzgerald boosted their price objective on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wells Fargo & Company upped their target price on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, UBS Group raised their price target on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Centuri currently has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Stock Down 4.5%

CTRI stock opened at $26.08 on Wednesday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 76.70, a P/E/G ratio of 0.90 and a beta of 1.06. Centuri Holdings, Inc. has a twelve month low of $19.04 and a twelve month high of $42.99. The business has a 50 day moving average price of $29.09 and a two-hundred day moving average price of $30.18. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS. Analysts anticipate that Centuri Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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.