Centuri (NYSE:CTRI) Trading Down 5.5% – What’s Next?

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price traded down 5.5% during trading on Tuesday . The company traded as low as $22.38 and last traded at $21.94. 171,361 shares were traded during mid-day trading, a decline of 41% from the average session volume of 291,461 shares. The stock had previously closed at $23.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Robert W. Baird lifted their price objective on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Centuri Stock Up 2.8 %

The stock has a 50-day simple moving average of $20.79 and a 200-day simple moving average of $18.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Investors Weigh In On Centuri

Several institutional investors and hedge funds have recently modified their holdings of CTRI. Squarepoint Ops LLC purchased a new stake in shares of Centuri in the second quarter worth about $1,393,000. Point72 Asset Management L.P. purchased a new stake in shares of Centuri in the second quarter worth about $4,339,000. Clearbridge Investments LLC purchased a new stake in shares of Centuri in the second quarter worth about $5,587,000. Ghisallo Capital Management LLC acquired a new position in shares of Centuri in the second quarter worth about $3,409,000. Finally, Versant Capital Management Inc acquired a new position in shares of Centuri in the third quarter worth about $1,153,000.

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.