Union Square Park Capital Management LLC Acquires 40,000 Shares of Centuri Holdings, Inc. $CTRI

Union Square Park Capital Management LLC lifted its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after acquiring 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 position. Union Square Park Capital Management LLC owned approximately 0.10% of Centuri worth $2,525,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Centuri by 126.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after buying an additional 4,493,955 shares during the period. Icahn Carl C grew its stake in shares of Centuri by 69.4% in the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after buying an additional 4,443,795 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Centuri in the 3rd quarter valued at about $78,222,000. Samlyn Capital LLC acquired a new stake in shares of Centuri in the 3rd quarter valued at about $36,838,000. Finally, Carronade Capital Management LP grew its stake in shares of Centuri by 125.6% in the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after buying an additional 1,699,392 shares during the period.

Analyst Ratings Changes

CTRI has been the subject of several research reports. Cantor Fitzgerald raised their target price on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Robert W. Baird set a $41.00 target price on Centuri in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.80.

Centuri Price Performance

CTRI stock opened at $31.05 on Wednesday. The company has a market capitalization of $3.13 billion, a P/E ratio of 91.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. Centuri Holdings, Inc. has a 52-week low of $19.04 and a 52-week high of $42.99. The business has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $29.60.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business 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 quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) EPS. Research analysts expect that Centuri Holdings, Inc. will post 0.59 EPS for the current fiscal year.

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.