Union Square Park Capital Management LLC lifted its holdings in Centuri Holdings, Inc. (NYSE:CTRI – Free Report) by 66.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after buying an additional 40,000 shares during the period. Centuri makes up approximately 1.2% of Union Square Park Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Union Square Park Capital Management LLC’s holdings in Centuri were worth $2,525,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Centuri by 7.0% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after buying an additional 1,337 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the last quarter. CWM LLC boosted its stake in shares of Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 1,874 shares during the last quarter.
Centuri Price Performance
Centuri stock opened at $31.05 on Wednesday. Centuri Holdings, Inc. has a 12 month low of $19.04 and a 12 month high of $42.99. 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 business’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $29.60. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 91.33, a PEG ratio of 1.09 and a beta of 1.06.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Robert W. Baird set a $41.00 target price on Centuri in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted 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 upgraded Centuri from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Wells Fargo & Company upped their price objective on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. 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 data from MarketBeat, Centuri presently has an average rating of “Hold” and an average target price of $37.80.
Check Out Our Latest Stock Report on Centuri
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.
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