Bank of New York Mellon Corp Boosts Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Bank of New York Mellon Corp grew its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,048 shares of the company’s stock after purchasing an additional 3,428 shares during the quarter. Bank of New York Mellon Corp’s holdings in Centuri were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CTRI. Zimmer Partners LP boosted its holdings in Centuri by 67.4% in the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock worth $24,476,000 after buying an additional 610,138 shares during the last quarter. Needham Investment Management LLC lifted its position in shares of Centuri by 44.8% in the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock valued at $6,958,000 after acquiring an additional 133,200 shares in the last quarter. State Street Corp boosted its stake in shares of Centuri by 37.3% in the third quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after acquiring an additional 62,390 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Centuri by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock worth $1,799,000 after acquiring an additional 3,818 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Centuri during the third quarter worth approximately $448,000.

Analysts Set New Price Targets

CTRI has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Centuri presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Centuri Stock Down 5.3 %

Shares of CTRI opened at $16.64 on Thursday. 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. The stock has a fifty day simple moving average of $19.36 and a two-hundred day simple moving average of $19.13. The company has a market capitalization of $1.47 billion and a PE ratio of -0.07.

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.