Centuri Holdings, Inc. (NYSE:CTRI) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,020 shares of the company's stock after selling 24,720 shares during the quarter. Ancora Advisors LLC owned approximately 0.19% of Centuri worth $3,264,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CTRI. R Squared Ltd bought a new position in shares of Centuri during the 4th quarter worth approximately $26,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Centuri during the 4th quarter valued at $62,000. Corebridge Financial Inc. boosted its position in shares of 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 purchasing an additional 1,146 shares in the last quarter. MetLife Investment Management LLC grew its stake in Centuri by 20.5% during the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after buying an additional 1,690 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Centuri by 54.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,649 shares of the company's stock valued at $206,000 after buying an additional 3,736 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CTRI. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Robert W. Baird cut their price target on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Two research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

Centuri Stock Performance

Shares of NYSE:CTRI traded up $0.37 during midday trading on Friday, reaching $21.28. The company's stock had a trading volume of 132,410 shares, compared to its average volume of 429,843. 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 fifty day moving average of $17.15 and a 200 day moving average of $19.25. Centuri Holdings, Inc. has a twelve month low of $14.46 and a twelve month high of $28.65. The firm has a market capitalization of $1.88 billion and a PE ratio of -0.09.

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.