Barclays PLC Boosts Stock Position in Centuri Holdings, Inc. (NYSE:CTRI)

Barclays PLC raised its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 410.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,657 shares of the company’s stock after buying an additional 19,022 shares during the quarter. Barclays PLC’s holdings in Centuri were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA bought a new position in shares of Centuri during the second quarter valued at $33,619,000. Zimmer Partners LP increased its stake in Centuri by 67.4% during the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after purchasing an additional 610,138 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Centuri in the second quarter worth about $5,587,000. Point72 Asset Management L.P. bought a new position in shares of Centuri in the second quarter worth approximately $4,339,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Centuri during the second quarter valued at approximately $3,409,000.

Centuri Stock Up 0.8 %

Shares of CTRI opened at $21.95 on Friday. Centuri Holdings, Inc. has a 1-year low of $14.47 and a 1-year high of $28.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $18.57.

Analyst Ratings Changes

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