Centuri Holdings, Inc. (NYSE:CTRI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 83.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,600 shares of the company's stock after selling 736,449 shares during the quarter. Franklin Resources Inc. owned about 0.17% of Centuri worth $2,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTRI. Barclays PLC lifted its position in Centuri by 410.4% during the third quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after buying an additional 19,022 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Centuri during the 3rd quarter valued at about $448,000. Zimmer Partners LP grew its holdings in shares of Centuri by 67.4% in the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company's stock valued at $24,476,000 after purchasing an additional 610,138 shares during the period. State Street Corp increased its position in Centuri by 37.3% during the third quarter. State Street Corp now owns 229,638 shares of the company's stock worth $3,709,000 after purchasing an additional 62,390 shares during the last quarter. Finally, Needham Investment Management LLC raised its stake in Centuri by 44.8% during the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company's stock worth $6,958,000 after purchasing an additional 133,200 shares during the period.

Centuri Stock Up 0.8 %

NYSE CTRI traded up $0.17 on Thursday, reaching $20.37. The stock had a trading volume of 327,906 shares, compared to its average volume of 489,496. Centuri Holdings, Inc. has a 12-month low of $14.47 and a 12-month high of $28.65. The stock has a fifty day moving average price of $20.07 and a two-hundred day moving average price of $19.09. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Analyst Upgrades and Downgrades

CTRI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Centuri from $16.00 to $17.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on Centuri from $19.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.40.

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.