Centuri (NYSE:CTRI) Shares Down 3.8% – Should You Sell?

Centuri Holdings, Inc. (NYSE:CTRI) shares fell 3.8% during mid-day trading on Friday . The stock traded as low as $16.39 and last traded at $15.82. 5,328 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 501,296 shares. The stock had previously closed at $16.45.

Wall Street Analysts Forecast Growth

Several research firms have commented on CTRI. Robert W. Baird cut their target price 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. lifted their price target on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Centuri presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Centuri Stock Down 3.2 %

The firm has a market cap of $1.41 billion and a P/E ratio of -0.07. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm’s fifty day moving average is $20.31 and its 200 day moving average is $19.13.

Hedge Funds Weigh In On Centuri

Several large investors have recently bought and sold shares of CTRI. Nuveen Asset Management LLC increased its stake in shares of Centuri by 12.5% in the fourth quarter. Nuveen Asset Management LLC now owns 28,312 shares of the company’s stock valued at $547,000 after buying an additional 3,140 shares during the period. Occudo Quantitative Strategies LP bought a new stake in Centuri during the 4th quarter worth approximately $682,000. Needham Investment Management LLC increased its position in Centuri by 3.9% in the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock valued at $8,644,000 after acquiring an additional 16,800 shares during the period. Millennium Management LLC bought a new position in shares of Centuri during the fourth quarter valued at $888,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Centuri by 27.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company’s stock valued at $186,000 after acquiring an additional 2,054 shares during the last quarter.

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.