ExodusPoint Capital Management LP Sells 93,132 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

ExodusPoint Capital Management LP decreased its position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 77.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,423 shares of the company's stock after selling 93,132 shares during the period. ExodusPoint Capital Management LP's holdings in Centuri were worth $510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CTRI. R Squared Ltd acquired a new stake in Centuri during the fourth quarter worth about $26,000. KLP Kapitalforvaltning AS bought a new stake in shares of Centuri during the 4th quarter worth approximately $62,000. BNP Paribas Financial Markets boosted its position in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company's stock worth $110,000 after acquiring an additional 1,927 shares in the last quarter. Corebridge Financial Inc. increased its stake in Centuri by 15.7% in the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Centuri during the third quarter valued at approximately $162,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTRI. Robert W. Baird decreased their price target on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Centuri has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Remove Ads

Centuri Price Performance

CTRI stock traded up $0.18 during midday trading on Tuesday, reaching $17.32. 216,158 shares of the stock were exchanged, compared to its average volume of 490,990. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $28.65. The company has a fifty day moving average price of $17.69 and a 200 day moving average price of $19.14. 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 capitalization of $1.53 billion and a PE ratio of -0.07.

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.