Centuri (NYSE:CTRI) Shares Down 6% - What's Next?

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) was down 6% during mid-day trading on Monday . The company traded as low as $20.93 and last traded at $20.94. Approximately 254,996 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 407,482 shares. The stock had previously closed at $22.28.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTRI. Robert W. Baird upped 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. JPMorgan Chase & Co. upped their price objective on Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.80.

Centuri Stock Performance

The firm has a fifty day moving average of $20.92 and a 200 day moving average of $18.82. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Hedge Funds Weigh In On Centuri

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Centuri in the third quarter valued at $211,000. Barclays PLC boosted its stake in Centuri by 410.4% in the third quarter. Barclays PLC now owns 23,657 shares of the company's stock valued at $382,000 after acquiring an additional 19,022 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 1,927 shares in the last quarter. State Street Corp boosted its stake in Centuri by 37.3% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Centuri by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company's stock valued at $1,799,000 after acquiring an additional 3,818 shares in the last quarter.

About Centuri

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.