175,000 Shares in Centuri Holdings, Inc. (NYSE:CTRI) Purchased by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 175,000 shares of the company’s stock, valued at approximately $3,409,000. Ghisallo Capital Management LLC owned approximately 0.20% of Centuri as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTRI. Clearbridge Investments LLC purchased a new position in shares of Centuri during the 2nd quarter valued at about $5,587,000. Point72 Asset Management L.P. purchased a new stake in shares of Centuri in the second quarter valued at about $4,339,000. Maverick Capital Ltd. purchased a new stake in shares of Centuri during the 2nd quarter valued at approximately $2,922,000. Squarepoint Ops LLC acquired a new position in shares of Centuri in the 2nd quarter valued at $1,393,000. Finally, Sandia Investment Management LP acquired a new stake in Centuri in the 2nd quarter valued at approximately $466,000.

Insider Buying and Selling at Centuri

In related news, Director William Fehrman purchased 20,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $16.50 per share, for a total transaction of $330,000.00. Following the transaction, the director now owns 45,000 shares of the company’s stock, valued at $742,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Centuri Trading Down 3.1 %

Shares of CTRI stock opened at $15.65 on Wednesday. Centuri Holdings, Inc. has a 12 month low of $14.47 and a 12 month high of $28.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.94. The business has a fifty day moving average price of $16.62.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $672.08 million for the quarter, compared to the consensus estimate of $760.55 million. The business’s revenue was down 16.6% compared to the same quarter last year. On average, analysts anticipate that Centuri Holdings, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

CTRI has been the subject of several analyst reports. KeyCorp assumed coverage on Centuri in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. UBS Group downgraded Centuri from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $17.00 in a research note on Tuesday, July 30th. Bank of America lowered their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price objective on shares of Centuri from $28.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price target on Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

About Centuri

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.