Jane Street Group LLC Lowers Stake in Centuri Holdings, Inc. (NYSE:CTRI)

Jane Street Group LLC trimmed its position in Centuri Holdings, Inc. (NYSE:CTRI) by 37.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,552 shares of the company’s stock after selling 13,086 shares during the quarter. Jane Street Group LLC’s holdings in Centuri were worth $348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CTRI. Bank of New York Mellon Corp purchased a new position in Centuri in the second quarter valued at approximately $2,757,000. Davidson Kempner Capital Management LP purchased a new position in shares of Centuri in the 2nd quarter valued at $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Centuri during the 3rd quarter valued at $211,000. BNP Paribas Financial Markets boosted its position in Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares during the period. Finally, Ghisallo Capital Management LLC acquired a new stake in Centuri in the 2nd quarter valued at $3,409,000.

Centuri Stock Performance

Shares of NYSE CTRI opened at $19.79 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50 day moving average price of $20.30 and a two-hundred day moving average price of $18.64. Centuri Holdings, Inc. has a fifty-two week low of $14.47 and a fifty-two week high of $28.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted 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 investment 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. Based on data from MarketBeat.com, the company has a consensus 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.