Diametric Capital LP Lowers Position in Centuri Holdings, Inc. (NYSE:CTRI)

Diametric Capital LP lowered its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 50.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,067 shares of the company’s stock after selling 15,505 shares during the period. Diametric Capital LP’s holdings in Centuri were worth $291,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Centuri by 5.7% in the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company’s stock worth $357,000 after purchasing an additional 1,000 shares during the period. Corebridge Financial Inc. grew its position in Centuri by 15.7% in the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after acquiring an additional 1,146 shares in the last quarter. R Squared Ltd bought a new position in shares of Centuri during the 4th quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its position in Centuri by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company’s stock valued at $248,000 after acquiring an additional 1,335 shares during the last quarter. Finally, WINTON GROUP Ltd grew its holdings in Centuri by 11.8% during the 4th quarter. WINTON GROUP Ltd now owns 16,473 shares of the company’s stock valued at $318,000 after purchasing an additional 1,744 shares during the last quarter.

Wall Street Analysts Forecast Growth

CTRI has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Centuri Trading Up 4.9 %

Shares of NYSE:CTRI opened at $17.19 on Wednesday. The firm has a market capitalization of $1.52 billion and a P/E ratio of -0.07. 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 business’s 50-day moving average is $18.93 and its 200 day moving average is $19.13. Centuri Holdings, Inc. has a 1 year low of $14.47 and a 1 year high of $28.65.

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.