Geode Capital Management LLC boosted its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,669 shares of the company's stock after acquiring an additional 37,532 shares during the period. Geode Capital Management LLC owned 0.36% of Centuri worth $6,193,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Centuri in the 4th quarter worth about $26,000. KLP Kapitalforvaltning AS bought a new position in shares of Centuri in the fourth quarter worth approximately $62,000. Corebridge Financial Inc. grew its holdings in shares of Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after buying an additional 1,146 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Centuri by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock valued at $248,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Centuri in the 4th quarter worth approximately $280,000.
Centuri Stock Performance
CTRI traded up $0.21 during trading on Tuesday, hitting $18.47. The company's stock had a trading volume of 333,669 shares, compared to its average volume of 431,768. Centuri Holdings, Inc. has a one year low of $14.46 and a one year high of $28.65. The business's 50 day simple moving average is $16.93 and its 200-day simple moving average is $19.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1.63 billion and a PE ratio of -0.08.
Wall Street Analyst Weigh In
Several analysts have commented on CTRI shares. JPMorgan Chase & Co. increased their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Robert W. Baird lowered their target price on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.00.
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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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