Massachusetts Financial Services Co. MA Cuts Stock Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Massachusetts Financial Services Co. MA lowered its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,099,517 shares of the company's stock after selling 579,059 shares during the period. Massachusetts Financial Services Co. MA owned about 1.24% of Centuri worth $21,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CTRI. Charles Schwab Investment Management Inc. grew its position in Centuri by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company's stock valued at $1,799,000 after buying an additional 3,818 shares during the period. BNP Paribas Financial Markets grew 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 valued at $110,000 after acquiring an additional 1,927 shares during the period. MetLife Investment Management LLC increased its stake in shares of Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company's stock worth $133,000 after purchasing an additional 4,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Centuri in the 3rd quarter worth $211,000. Finally, Centiva Capital LP purchased a new position in Centuri during the third quarter valued at $162,000.

Centuri Price Performance

Shares of Centuri stock traded up $0.86 during trading hours on Friday, hitting $17.60. The company's stock had a trading volume of 212,638 shares, compared to its average volume of 492,977. The company has a market cap of $1.56 billion and a PE ratio of -0.07. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $19.10. Centuri Holdings, Inc. has a 12-month low of $14.46 and a 12-month high of $28.65.

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Wall Street Analyst Weigh In

A number of analysts have commented on CTRI shares. JPMorgan Chase & Co. upped their price target on Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Robert W. Baird reduced their target price on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

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.