SG Americas Securities LLC Sells 343,945 Shares of Centuri Holdings, Inc. $CTRI

SG Americas Securities LLC lessened its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRIFree Report) by 74.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 120,130 shares of the company’s stock after selling 343,945 shares during the period. SG Americas Securities LLC’s holdings in Centuri were worth $3,509,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Centuri by 13,385.7% in the 3rd 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 during the last quarter. CWM LLC increased its holdings in Centuri by 59.7% in the fourth 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 lifted its stake in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Centuri by 251.0% in the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock valued at $129,000 after buying an additional 4,350 shares during the period. Finally, Inspire Advisors LLC bought a new position in Centuri during the fourth quarter worth about $220,000.

Centuri Stock Performance

CTRI stock opened at $30.27 on Wednesday. The business’s 50-day moving average price is $31.93 and its two-hundred day moving average price is $30.03. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.06 billion, a PE ratio of 89.04, a P/E/G ratio of 1.01 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:CTRIGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company 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 company’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. As a group, research analysts forecast that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CTRI. Wells Fargo & Company boosted their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday, May 8th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, June 22nd. UBS Group boosted their price objective on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.80.

Get Our Latest Research Report on Centuri

Centuri Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Centuri (NYSE:CTRI)

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