77,000 Shares in Centuri Holdings, Inc. (NYSE:CTRI) Acquired by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 77,000 shares of the company’s stock, valued at approximately $1,500,000.

A number of other large investors have also bought and sold shares of CTRI. Rhumbline Advisers purchased a new position in shares of Centuri during the 2nd quarter valued at $300,000. Gabelli Funds LLC purchased a new stake in shares of Centuri during the 2nd quarter valued at approximately $880,000. Bank of New York Mellon Corp bought a new position in Centuri in the 2nd quarter worth approximately $2,757,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Centuri in the 2nd quarter valued at approximately $33,619,000.

Insiders Place Their Bets

In other Centuri news, Director William Fehrman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was bought at an average price of $16.50 per share, with a total value of $330,000.00. Following the purchase, the director now owns 45,000 shares of the company’s stock, valued at $742,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Centuri Price Performance

Shares of NYSE CTRI opened at $16.62 on Monday. The stock’s 50-day simple moving average is $17.19. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.94. Centuri Holdings, Inc. has a 12 month low of $14.47 and a 12 month high of $28.65.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating 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 company’s revenue was down 16.6% on a year-over-year basis. Analysts predict that Centuri Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.