SG Americas Securities LLC Has $11.72 Million Position in Centuri Holdings, Inc. $CTRI

SG Americas Securities LLC boosted its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 2,451.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 464,075 shares of the company’s stock after purchasing an additional 445,889 shares during the period. SG Americas Securities LLC owned about 0.47% of Centuri worth $11,718,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares in the last quarter. Amalgamated Bank raised its holdings in Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Centuri by 121.7% in the second 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 during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Centuri in the third quarter worth about $119,000. Finally, State of Wyoming bought a new stake in shares of Centuri during the 3rd quarter worth about $128,000.

Analyst Ratings Changes

CTRI has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Cantor Fitzgerald upped their target price on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.35.

Centuri Stock Down 0.9%

CTRI stock opened at $29.41 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. Centuri Holdings, Inc. has a 52-week low of $14.45 and a 52-week high of $32.38. The company has a 50-day moving average of $29.71 and a two-hundred day moving average of $25.25. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 127.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centuri had a return on equity of 5.09% and a net margin of 0.76%.The business had revenue of $858.60 million during the quarter, compared to the consensus estimate of $740.62 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, equities 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.