UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Position in Centuri Holdings, Inc. (NYSE:CTRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,086 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Centuri by 39.3% during the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after purchasing an additional 1,927 shares during the period. MetLife Investment Management LLC grew its position in Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after purchasing an additional 4,645 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Centuri during the 3rd quarter valued at $256,000. Rhumbline Advisers bought a new position in shares of Centuri during the 2nd quarter valued at $300,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Centuri in the 3rd quarter worth $334,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTRI. JPMorgan Chase & Co. upped their target price on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.40.

Centuri Price Performance

Shares of Centuri stock opened at $20.29 on Friday. Centuri Holdings, Inc. has a 12 month low of $14.47 and a 12 month high of $28.65. The stock has a 50 day moving average of $19.94 and a 200 day moving average of $19.21. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

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.