Centuri (NYSE:CTRI) Trading Down 3.2% – Time to Sell?

Centuri Holdings, Inc. (NYSE:CTRI) shares fell 3.2% during mid-day trading on Wednesday . The stock traded as low as $19.75 and last traded at $20.05. 21,889 shares changed hands during trading, a decline of 96% from the average session volume of 502,209 shares. The stock had previously closed at $20.71.

Analyst Ratings Changes

CTRI has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.40.

Centuri Price Performance

The stock has a fifty day simple moving average of $18.48 and a two-hundred day simple moving average of $19.89. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRI. BNP Paribas Financial Markets raised its position in shares of Centuri by 39.3% in the 3rd 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 in the last quarter. MetLife Investment Management LLC raised its holdings in Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after acquiring an additional 4,645 shares in the last quarter. Centiva Capital LP bought a new position in Centuri during the 3rd quarter valued at $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri during the 3rd quarter worth $211,000. Finally, Rhumbline Advisers bought a new stake in shares of Centuri in the 2nd quarter worth about $300,000.

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.