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

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price traded up 6.4% on Friday . The company traded as high as $22.89 and last traded at $23.07. 41,013 shares changed hands 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 Analysts Forecast Growth

Several research analysts recently commented on CTRI shares. JPMorgan Chase & Co. lifted their target price on shares of Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Price Performance

The company’s fifty day simple moving average is $20.68 and its 200 day simple moving average is $18.68. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Hedge Funds Weigh In On Centuri

A number of institutional investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Centuri during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets grew its stake in 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 period. MetLife Investment Management LLC grew its stake in Centuri by 129.1% in the third 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 during the period. Centiva Capital LP bought a new position in Centuri in the third quarter worth $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Centuri during the third quarter valued at $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.