Rhumbline Advisers Grows Stock Position in Centuri Holdings, Inc. (NYSE:CTRI)

Rhumbline Advisers increased its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,485 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Rhumbline Advisers’ holdings in Centuri were worth $357,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CTRI. R Squared Ltd acquired a new stake in Centuri during the 4th quarter worth $26,000. BNP Paribas Financial Markets lifted its stake in shares of Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC boosted its position in Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after acquiring an additional 4,645 shares during the last quarter. Centiva Capital LP purchased a new stake in Centuri during the 3rd quarter valued at about $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Centuri in the 3rd quarter valued at about $211,000.

Centuri Stock Up 0.7 %

Shares of NYSE CTRI opened at $16.57 on Monday. The company has a market capitalization of $1.47 billion and a P/E ratio of -0.07. 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 50 day simple moving average of $20.25 and a 200-day simple moving average of $19.17. Centuri Holdings, Inc. has a 1 year low of $14.47 and a 1 year high of $28.65.

Analyst Ratings Changes

Several research analysts have recently weighed in on CTRI shares. JPMorgan Chase & Co. boosted their target price on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Robert W. Baird lowered their price objective on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

About Centuri

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.