Quantbot Technologies LP Makes New Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Quantbot Technologies LP acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,475 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Centuri by 3.6% during the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Centuri during the third quarter worth about $256,000. BNP Paribas Financial Markets increased its position in shares of Centuri by 39.3% during the third 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 in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after purchasing an additional 4,645 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Centuri in the 3rd quarter valued at about $211,000.

Centuri Stock Performance

NYSE:CTRI opened at $16.57 on Friday. 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 firm has a market cap of $1.47 billion and a price-to-earnings ratio of -0.07. The firm’s fifty day moving average price is $19.14 and its 200 day moving average price is $19.13. Centuri Holdings, Inc. has a 1-year low of $14.47 and a 1-year high of $28.65.

Wall Street Analysts Forecast Growth

CTRI has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased 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 research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Centuri currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.