Versant Capital Management Inc acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,400 shares of the company’s stock, valued at approximately $1,153,000.
Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in Centuri in the second quarter valued at $300,000. Sandia Investment Management LP purchased a new stake in Centuri in the 2nd quarter valued at about $466,000. Point72 DIFC Ltd acquired a new position in Centuri in the second quarter valued at about $657,000. Gabelli Funds LLC purchased a new position in Centuri during the second quarter worth about $880,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Centuri during the second quarter valued at about $1,393,000.
Insider Transactions at Centuri
In other Centuri news, Director William Fehrman purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of $16.50 per share, with a total value of $330,000.00. Following the completion of the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at $742,500. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on CTRI
Centuri Trading Down 1.3 %
Shares of CTRI opened at $15.73 on Tuesday. Centuri Holdings, Inc. has a 1 year low of $14.47 and a 1 year high of $28.65. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50-day moving average of $16.26.
Centuri (NYSE:CTRI – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The business’s revenue was down 16.6% compared to the same quarter last year. As a group, equities analysts predict that Centuri Holdings, Inc. will post 0.43 earnings per share for the current year.
Centuri 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.
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