Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) was down 5.5% during mid-day trading on Tuesday . The stock traded as low as $22.38 and last traded at $21.94. Approximately 171,361 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 291,461 shares. The stock had previously closed at $23.22.
Wall Street Analysts Forecast Growth
CTRI has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Centuri from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.80.
Check Out Our Latest Analysis on CTRI
Centuri Trading Down 1.2 %
The firm has a 50 day moving average price of $20.79 and a 200-day moving average price of $18.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in Centuri by 5.7% during the fourth quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after purchasing an additional 1,000 shares during the period. R Squared Ltd bought a new stake in shares of Centuri in the 4th quarter valued at $26,000. Barclays PLC raised its stake in Centuri by 410.4% during the 3rd quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after buying an additional 19,022 shares during the period. XTX Topco Ltd bought a new position in Centuri during the third quarter worth about $448,000. Finally, Zimmer Partners LP grew its stake in 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 acquiring an additional 610,138 shares during the period.
About Centuri
(
Get Free Report)
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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