Centuri Holdings, Inc. (NYSE:CTRI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,678,576 shares of the company's stock after selling 47,250 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.90% of Centuri worth $27,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC acquired a new position in shares of Centuri during the 2nd quarter valued at about $5,587,000. Point72 Asset Management L.P. purchased a new stake in shares of Centuri in the 2nd quarter valued at approximately $4,339,000. Ghisallo Capital Management LLC acquired a new stake in shares of Centuri during the 2nd quarter worth approximately $3,409,000. Maverick Capital Ltd. purchased a new stake in shares of Centuri during the 2nd quarter valued at approximately $2,922,000. Finally, Bank of New York Mellon Corp acquired a new position in Centuri in the second quarter valued at approximately $2,757,000.

Centuri Stock Performance

Shares of CTRI stock traded down $0.22 during mid-day trading on Tuesday, hitting $20.71. 329,805 shares of the stock were exchanged, compared to its average volume of 505,407. The stock's fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $19.91. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. Centuri Holdings, Inc. has a 12-month low of $14.47 and a 12-month high of $28.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTRI shares. Robert W. Baird upped their price target on Centuri from $19.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on shares of Centuri from $29.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. UBS Group cut Centuri from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $30.00 to $17.00 in a research note on Tuesday, July 30th. Finally, Bank of America dropped their price target on shares of Centuri from $21.00 to $15.00 and set an "underperform" rating for the company in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.40.

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.