FMR LLC lowered its position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 14.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,190,335 shares of the company's stock after selling 691,418 shares during the quarter. FMR LLC owned 4.73% of Centuri worth $67,674,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Centuri during the third quarter valued at about $256,000. Rhumbline Advisers bought a new position in Centuri during the second quarter valued at about $300,000. Oppenheimer Asset Management Inc. bought a new position in Centuri during the third quarter valued at about $334,000. Sandia Investment Management LP bought a new position in Centuri during the second quarter valued at about $466,000. Finally, Point72 DIFC Ltd bought a new position in Centuri during the second quarter valued at about $657,000.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CTRI. Robert W. Baird raised their target price on Centuri from $19.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Centuri from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.40.
View Our Latest Stock Analysis on Centuri
Centuri Stock Performance
Centuri stock traded down $0.41 during mid-day trading on Friday, hitting $21.30. The company's stock had a trading volume of 192,787 shares, compared to its average volume of 404,871. The firm's 50 day moving average is $19.06 and its 200 day moving average is $19.68. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri Holdings, Inc. has a 52-week low of $14.47 and a 52-week high of $28.65.
About Centuri
(
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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