Centuri (NYSE:CTRI) Trading 6.4% Higher – Here’s Why

Centuri Holdings, Inc. (NYSE:CTRI)’s share price shot up 6.4% during trading on Friday . The company traded as high as $22.89 and last traded at $23.07. 41,013 shares were traded during trading, a decline of 81% from the average session volume of 219,861 shares. The stock had previously closed at $21.69.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTRI. JPMorgan Chase & Co. lifted their target price on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Robert W. Baird increased their target price on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.40.

Centuri Stock Performance

The company has a 50 day moving average price of $20.58 and a 200 day moving average price of $18.62. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Investors Weigh In On Centuri

A number of large investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Centuri in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 1,927 shares during the last quarter. MetLife Investment Management LLC lifted its position 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 acquiring an additional 4,645 shares in the last quarter. Centiva Capital LP purchased a new stake in Centuri during the 3rd quarter worth about $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Centuri in the 3rd quarter valued at about $211,000.

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.