Needham Investment Management LLC Boosts Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Needham Investment Management LLC raised its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 44.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,828 shares of the company’s stock after purchasing an additional 133,200 shares during the period. Needham Investment Management LLC’s holdings in Centuri were worth $6,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTRI. BNP Paribas Financial Markets lifted its stake in shares of Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after buying an additional 4,645 shares in the last quarter. Centiva Capital LP acquired a new stake in Centuri during the third quarter worth about $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Centuri during the third quarter worth about $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Centuri during the third quarter worth about $256,000.

Centuri Stock Performance

Shares of CTRI stock traded up $0.20 during trading on Tuesday, reaching $20.47. The company’s stock had a trading volume of 12,635 shares, compared to its average volume of 500,468. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The stock’s 50-day moving average price is $18.61 and its 200 day moving average price is $19.74. Centuri Holdings, Inc. has a 1-year low of $14.47 and a 1-year high of $28.65.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective 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. Robert W. Baird lifted their price target on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

About Centuri

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.