Massachusetts Financial Services Co. MA Reduces Stake in Centuri Holdings, Inc. (NYSE:CTRI)

Massachusetts Financial Services Co. MA cut its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 34.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,099,517 shares of the company’s stock after selling 579,059 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Centuri were worth $21,232,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Centuri in the fourth quarter valued at $26,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Centuri in the 4th quarter worth about $62,000. BNP Paribas Financial Markets boosted its stake in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after purchasing an additional 1,927 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after buying an additional 4,645 shares during the period. Finally, Centiva Capital LP purchased a new stake in Centuri in the third quarter worth about $162,000.

Centuri Stock Performance

Centuri stock opened at $15.81 on Monday. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $19.12. The company has a market capitalization of $1.40 billion and a P/E ratio of -0.07. Centuri Holdings, Inc. has a twelve month low of $14.46 and a twelve month high of $28.65. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Robert W. Baird reduced their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

About Centuri

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.