Centuri (NYSE:CTRI) Shares Down 5.3% - What's Next?

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s share price traded down 5.3% during mid-day trading on Friday . The company traded as low as $15.99 and last traded at $15.99. 211,468 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 495,784 shares. The stock had previously closed at $16.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTRI shares. Robert W. Baird cut their target price on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Centuri Trading Up 2.1 %

The business has a fifty day moving average price of $19.51 and a 200 day moving average price of $19.13. The firm has a market cap of $1.55 billion and a PE ratio of -0.07. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Institutional Investors Weigh In On Centuri

Several hedge funds have recently made changes to their positions in CTRI. Charles Schwab Investment Management Inc. raised its position in Centuri by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company's stock worth $1,799,000 after buying an additional 3,818 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Centuri during the third quarter worth about $256,000. BNP Paribas Financial Markets lifted its position in Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company's stock valued at $110,000 after purchasing an additional 1,927 shares during the period. MetLife Investment Management LLC boosted its holdings in Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company's stock valued at $133,000 after purchasing an additional 4,645 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri during the 3rd quarter worth approximately $211,000.

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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.