Fmr LLC Buys 4,036,639 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

FMR LLC boosted its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 96.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,226,974 shares of the company's stock after purchasing an additional 4,036,639 shares during the period. FMR LLC owned about 9.29% of Centuri worth $158,863,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CTRI. State Street Corp grew its position in shares of Centuri by 37.3% during the 3rd quarter. State Street Corp now owns 229,638 shares of the company's stock valued at $3,709,000 after acquiring an additional 62,390 shares during the period. Geode Capital Management LLC grew its holdings in Centuri by 13.3% during 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 period. XTX Topco Ltd purchased a new stake in Centuri in the third quarter worth $448,000. Raymond James Financial Inc. bought a new stake in shares of Centuri in the fourth quarter valued at $479,000. Finally, Barclays PLC lifted its position in shares of Centuri by 410.4% during the 3rd quarter. Barclays PLC now owns 23,657 shares of the company's stock valued at $382,000 after buying an additional 19,022 shares during the last quarter.

Centuri Price Performance

Shares of Centuri stock traded up $0.18 on Tuesday, reaching $17.32. The stock had a trading volume of 216,158 shares, compared to its average volume of 490,990. The business's 50 day moving average is $17.69 and its two-hundred day moving average is $19.14. The company has a market cap of $1.53 billion and a P/E ratio of -0.07. Centuri Holdings, Inc. has a 1 year low of $14.46 and a 1 year high of $28.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Remove Ads

Analyst Upgrades and Downgrades

CTRI has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

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.