Diametric Capital LP Sells 15,505 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

Diametric Capital LP cut its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,067 shares of the company’s stock after selling 15,505 shares during the quarter. Diametric Capital LP’s holdings in Centuri were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CTRI. R Squared Ltd bought a new position in shares of Centuri during the fourth quarter valued at approximately $26,000. KLP Kapitalforvaltning AS purchased a new position in Centuri during the 4th quarter valued at $62,000. BNP Paribas Financial Markets raised its holdings in Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of 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. Finally, Corebridge Financial Inc. boosted its stake in shares of Centuri by 15.7% during the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock valued at $163,000 after purchasing an additional 1,146 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on CTRI shares. 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 report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Centuri Stock Performance

Shares of CTRI opened at $17.19 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The stock has a market cap of $1.52 billion and a P/E ratio of -0.07. The business’s 50 day moving average price is $18.93 and its 200-day moving average price is $19.13. Centuri Holdings, Inc. has a 52 week low of $14.47 and a 52 week 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.