Centuri Holdings, Inc. (NYSE:CTRI) Stock Holdings Lessened by Icahn Carl C

Icahn Carl C cut its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,486,495 shares of the company's stock after selling 1,105,434 shares during the quarter. Centuri makes up approximately 0.6% of Icahn Carl C's investment portfolio, making the stock its 13th largest holding. Icahn Carl C owned about 2.81% of Centuri worth $48,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Centuri by 5.7% in the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after acquiring an additional 1,000 shares during the last quarter. Corebridge Financial Inc. boosted its holdings in shares of Centuri by 15.7% during 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 during the last quarter. R Squared Ltd acquired a new stake in shares of Centuri during the 4th quarter worth approximately $26,000. JPMorgan Chase & Co. boosted its stake in shares of Centuri by 11.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock valued at $248,000 after purchasing an additional 1,335 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Centuri by 20.5% in the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock valued at $192,000 after acquiring an additional 1,690 shares in the last quarter.

Centuri Stock Down 1.2 %

NYSE CTRI traded down $0.22 during trading hours on Friday, hitting $18.56. The company had a trading volume of 327,149 shares, compared to its average volume of 428,272. The firm's 50 day moving average is $16.90 and its 200 day moving average is $19.22. 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 has a market capitalization of $1.64 billion and a price-to-earnings ratio of -0.08. Centuri Holdings, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $28.65.

Analyst Ratings Changes

A number of analysts have weighed in on CTRI shares. JPMorgan Chase & Co. raised their price target on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Robert W. Baird decreased their price objective on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.