Oppenheimer Asset Management Inc. Acquires Shares of 20,661 Centuri Holdings, Inc. (NYSE:CTRI)

Oppenheimer Asset Management Inc. acquired a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,661 shares of the company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in Centuri in the 2nd quarter worth approximately $300,000. Sandia Investment Management LP bought a new position in shares of Centuri during the 2nd quarter worth about $466,000. Point72 DIFC Ltd acquired a new stake in Centuri during the second quarter worth about $657,000. Gabelli Funds LLC bought a new stake in shares of Centuri in the 2nd quarter worth approximately $880,000. Finally, Versant Capital Management Inc acquired a new position in shares of Centuri in the third quarter valued at $1,153,000.

Centuri Trading Up 1.1 %

NYSE:CTRI opened at $21.07 on Thursday. The stock’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $20.03. Centuri Holdings, Inc. has a 52-week low of $14.47 and a 52-week 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group cut Centuri from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $17.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company dropped their price objective on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Bank of America decreased their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a report on Tuesday, July 30th. Finally, 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. Two equities 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.40.

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.