Centuri Holdings, Inc. (NYSE:CTRI) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,659 shares of the company’s stock after purchasing an additional 2,068 shares during the period. Deutsche Bank AG’s holdings in Centuri were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its holdings in Centuri by 96.3% in the fourth quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after purchasing an additional 4,036,639 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Centuri by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock valued at $32,208,000 after purchasing an additional 8,326 shares during the last quarter. Carronade Capital Management LP boosted its holdings in Centuri by 2.3% in the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock valued at $23,646,000 after purchasing an additional 27,743 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Centuri by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 320,669 shares of the company’s stock valued at $6,193,000 after purchasing an additional 37,532 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Centuri by 18.5% in the fourth quarter. Northern Trust Corp now owns 138,497 shares of the company’s stock valued at $2,674,000 after purchasing an additional 21,586 shares during the last quarter.

Analyst Ratings Changes

CTRI has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company increased their target price on Centuri from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.00.

Centuri Trading Down 3.1%

NYSE:CTRI opened at $20.23 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $18.26 and its two-hundred day moving average is $19.29. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $28.65. The company has a market cap of $1.79 billion and a PE ratio of 1,011.35.

Centuri (NYSE:CTRI) last released its earnings results on Monday, May 12th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. The company had revenue of $550.08 million for the quarter, compared to the consensus estimate of $534.41 million. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.