Centuri (NYSE:CTRI) Sets New 52-Week Low – Here’s Why

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $14.46 and last traded at $15.21, with a volume of 132254 shares changing hands. The stock had previously closed at $16.25.

Analysts Set New Price Targets

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

Centuri Price Performance

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 company’s 50-day moving average price is $18.55 and its 200-day moving average price is $19.11. The company has a market cap of $1.40 billion and a P/E ratio of -0.07.

Hedge Funds Weigh In On Centuri

Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Centuri by 96.3% during the fourth quarter. FMR LLC now owns 8,226,974 shares of the company’s stock worth $158,863,000 after buying an additional 4,036,639 shares during the period. Zimmer Partners LP lifted its stake in Centuri by 67.4% in the 3rd 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. Schonfeld Strategic Advisors LLC acquired a new position in Centuri during the 4th quarter worth approximately $2,609,000. State Street Corp grew its stake in shares of Centuri by 37.3% during the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after acquiring an additional 62,390 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Centuri in the fourth quarter valued at approximately $888,000.

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.