Massachusetts Financial Services Co. MA Lowers Stock Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Massachusetts Financial Services Co. MA lessened its position in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,099,517 shares of the company’s stock after selling 579,059 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.24% of Centuri worth $21,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CTRI. Rhumbline Advisers increased its holdings in shares of Centuri by 5.7% in the fourth 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. increased its stake in Centuri by 15.7% in the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after acquiring an additional 1,146 shares during the last quarter. R Squared Ltd bought a new position in Centuri in the 4th quarter worth about $26,000. JPMorgan Chase & Co. raised its holdings in shares of Centuri by 11.6% in the 4th 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 in the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of 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 acquiring an additional 1,744 shares during the last quarter.

Centuri Trading Down 2.7 %

Shares of CTRI opened at $15.81 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. Centuri Holdings, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $28.65. The firm has a 50 day moving average price of $18.55 and a 200-day moving average price of $19.12. The firm has a market cap of $1.40 billion and a price-to-earnings ratio of -0.07.

Wall Street Analyst Weigh In

CTRI has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective 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 lowered their price objective on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.