Centuri (NYSE:CTRI) Stock Price Up 6.4% – What’s Next?

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

Analyst Ratings Changes

A number of research firms have weighed in on CTRI. Robert W. Baird raised their price objective on shares of 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. raised their price target on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Two 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 company. According to 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 has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average price is $20.68 and its 200 day moving average price is $18.68.

Institutional Investors Weigh In On Centuri

A number of hedge funds have recently added to or reduced their stakes in CTRI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Centuri in the 3rd quarter worth $211,000. Barclays PLC grew its stake in shares of Centuri by 410.4% during the 3rd quarter. Barclays PLC now owns 23,657 shares of the company’s stock valued at $382,000 after purchasing an additional 19,022 shares during the period. BNP Paribas Financial Markets increased its position 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 during the last quarter. State Street Corp lifted its stake in shares of Centuri by 37.3% in the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after purchasing an additional 62,390 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Centuri in the second quarter worth approximately $3,409,000.

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.