Centuri (NYSE:CTRI) Shares Down 5.5% – Should You Sell?

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

Analyst Ratings Changes

CTRI has been the topic of a number of analyst reports. Robert W. Baird upped their price target 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. raised their price objective on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Centuri presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Centuri Stock Down 9.5 %

The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50 day moving average price is $20.74 and its 200-day moving average price is $18.71.

Institutional Trading of Centuri

Several hedge funds have recently modified their holdings of CTRI. Zimmer Partners LP raised its holdings in shares of Centuri by 67.4% in the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after purchasing an additional 610,138 shares during the last quarter. Needham Investment Management LLC grew its holdings in shares of Centuri by 44.8% in the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock worth $6,958,000 after purchasing an additional 133,200 shares during the last quarter. Clearbridge Investments LLC bought a new position in Centuri in the 2nd quarter worth $5,587,000. State Street Corp increased its stake in shares of Centuri by 37.3% in 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, Point72 Asset Management L.P. purchased a new stake in Centuri during the 2nd quarter valued at about $4,339,000.

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.