Charles Schwab Investment Management Inc. Purchases 3,818 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

Charles Schwab Investment Management Inc. increased its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,364 shares of the company’s stock after purchasing an additional 3,818 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.13% of Centuri worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in Centuri in the third quarter valued at about $334,000. Versant Capital Management Inc acquired a new position in Centuri during the third quarter worth about $1,153,000. Ghisallo Capital Management LLC bought a new position in shares of Centuri in the second quarter worth about $3,409,000. Clearbridge Investments LLC acquired a new stake in shares of Centuri in the 2nd quarter valued at approximately $5,587,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Centuri during the 2nd quarter valued at approximately $4,339,000.

Centuri Stock Performance

NYSE CTRI opened at $20.51 on Tuesday. Centuri Holdings, Inc. has a 12-month low of $14.47 and a 12-month high of $28.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64. The company has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $19.40.

Wall Street Analyst Weigh In

CTRI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.40.

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.