Centuri Holdings, Inc. (NYSE:CTRI) Position Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,500 shares of the company’s stock after selling 31,300 shares during the quarter. Gamco Investors INC. ET AL owned about 0.14% of Centuri worth $2,443,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in Centuri during the fourth quarter valued at about $26,000. KLP Kapitalforvaltning AS acquired a new position in shares of Centuri in the 4th quarter worth approximately $62,000. BNP Paribas Financial Markets lifted its stake in Centuri by 39.3% during the third 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. Corebridge Financial Inc. boosted its holdings in Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after buying an additional 1,146 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Centuri by 54.0% in the fourth quarter. Wells Fargo & Company MN now owns 10,649 shares of the company’s stock worth $206,000 after buying an additional 3,736 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CTRI shares. Robert W. Baird reduced their price objective on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective 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 research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Centuri currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Centuri Stock Performance

CTRI stock opened at $17.09 on Friday. The firm has a 50 day simple moving average of $17.38 and a 200 day simple moving average of $19.12. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $28.65. The stock has a market cap of $1.51 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.

Centuri 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.