Centuri (NYSE:CTRI) Shares Down 5.3% – Time to Sell?

Centuri Holdings, Inc. (NYSE:CTRI) shares were down 5.3% during mid-day trading on Friday . The stock traded as low as $15.99 and last traded at $15.99. Approximately 211,468 shares traded hands during trading, a decline of 57% from the average daily volume of 495,784 shares. The stock had previously closed at $16.89.

Analyst Ratings Changes

A number of research firms recently commented on CTRI. JPMorgan Chase & Co. lifted their target price 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. Robert W. Baird lowered their price objective on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Two equities research 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. Based on data from MarketBeat, Centuri presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Centuri Stock Down 7.4 %

The business’s 50-day simple moving average is $19.64 and its 200-day simple moving average is $19.10. The company has a market capitalization of $1.38 billion and a PE ratio of -0.06. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Centuri by 96.3% during the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after buying an additional 4,036,639 shares during the last quarter. Vanguard Group Inc. grew its holdings in Centuri by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock worth $32,208,000 after acquiring an additional 8,326 shares during the period. Zimmer Partners LP raised its position in Centuri by 67.4% during the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after acquiring an additional 610,138 shares in the last quarter. Carronade Capital Management LP raised its position in Centuri by 2.3% during the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock valued at $23,646,000 after acquiring an additional 27,743 shares in the last quarter. Finally, Needham Investment Management LLC lifted its holdings in Centuri by 3.9% in the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock valued at $8,644,000 after acquiring an additional 16,800 shares during the period.

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.