Raymond James Financial Inc. Makes New Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Raymond James Financial Inc. acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,803 shares of the company's stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Centuri in the 4th quarter valued at about $26,000. BNP Paribas Financial Markets raised its stake in shares of Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company's stock worth $110,000 after purchasing an additional 1,927 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company's stock valued at $133,000 after purchasing an additional 4,645 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Centuri during the third quarter valued at approximately $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Centuri during the third quarter worth $211,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTRI shares. Robert W. Baird dropped their price objective 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. raised their price target on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Centuri currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

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Centuri Stock Performance

Shares of CTRI stock traded up $0.86 during trading hours on Friday, hitting $17.60. 212,638 shares of the company were exchanged, compared to its average volume of 492,977. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of -0.07. The firm has a fifty day simple moving average of $17.78 and a 200 day simple moving average of $19.10. Centuri Holdings, Inc. has a 52-week low of $14.46 and a 52-week high of $28.65.

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.