Centuri (NYSE:CTRI) Shares Down 3.8% - Should You Sell?

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s share price fell 3.8% during trading on Friday . The company traded as low as $16.39 and last traded at $15.82. 5,328 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 501,296 shares. The stock had previously closed at $16.45.

Analyst Ratings Changes

A number of brokerages have commented on CTRI. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Robert W. Baird cut their price objective on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have given 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 Trading Up 0.7 %

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $1.47 billion and a price-to-earnings ratio of -0.07. The company's fifty day moving average price is $20.25 and its 200-day moving average price is $19.15.

Hedge Funds Weigh In On Centuri

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen Asset Management LLC increased its holdings in Centuri by 12.5% in the 4th quarter. Nuveen Asset Management LLC now owns 28,312 shares of the company's stock worth $547,000 after buying an additional 3,140 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Centuri in the 4th quarter worth approximately $682,000. Needham Investment Management LLC increased its holdings in Centuri by 3.9% in the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock worth $8,644,000 after buying an additional 16,800 shares during the period. Millennium Management LLC acquired a new position in Centuri in the 4th quarter worth approximately $888,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Centuri by 27.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock worth $186,000 after buying an additional 2,054 shares during the period.

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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.