Geode Capital Management LLC Boosts Stock Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Geode Capital Management LLC boosted its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,669 shares of the company's stock after acquiring an additional 37,532 shares during the quarter. Geode Capital Management LLC owned 0.36% of Centuri worth $6,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRI. R Squared Ltd bought a new position in Centuri during the 4th quarter worth approximately $26,000. KLP Kapitalforvaltning AS bought a new position in Centuri during the fourth quarter worth $62,000. Corebridge Financial Inc. lifted its holdings in Centuri by 15.7% in the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after buying an additional 1,146 shares during the period. JPMorgan Chase & Co. boosted its position in Centuri by 11.6% during the fourth 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 during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Centuri during the 4th quarter worth about $280,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTRI. JPMorgan Chase & Co. boosted 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 dropped their target price 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Centuri presently has an average rating of "Moderate Buy" and an average target price of $19.00.

Centuri Stock Up 3.7 %

Centuri stock traded up $0.66 during trading on Thursday, hitting $18.62. 9,485 shares of the company were exchanged, compared to its average volume of 429,036. The company has a market capitalization of $1.65 billion and a P/E ratio of -0.08. The business's 50 day moving average is $16.89 and its 200 day moving average is $19.20. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $28.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Centuri 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.