Centuri (NYSE:CTRI) Trading Down 5.5% – What’s Next?

Centuri Holdings, Inc. (NYSE:CTRI) fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $22.38 and last traded at $21.94. 171,361 shares were traded during trading, a decline of 41% from the average session volume of 291,461 shares. The stock had previously closed at $23.22.

Analysts Set New Price Targets

Several brokerages have issued reports on CTRI. Robert W. Baird upped their price objective on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday. Two equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Centuri Price Performance

The company has a fifty day moving average price of $20.79 and a 200 day moving average price of $18.77. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Hedge Funds Weigh In On Centuri

Several institutional investors have recently made changes to their positions in CTRI. R Squared Ltd bought a new position in shares of Centuri during the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets grew its holdings in Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC grew its holdings in 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 buying an additional 4,645 shares in the last quarter. Centiva Capital LP bought a new position in Centuri in the 3rd quarter worth approximately $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Centuri in the 3rd quarter worth approximately $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.