Raymond James Financial Inc. Buys New Stake in Centuri Holdings, Inc. (NYSE:CTRI)

Raymond James Financial Inc. purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,803 shares of the company's stock, valued at approximately $479,000.

Several other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers grew its stake 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 buying an additional 1,000 shares during the period. Corebridge Financial Inc. increased its stake in Centuri by 15.7% during the fourth 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 purchased a new stake in Centuri in the fourth quarter valued at $26,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 1,335 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Centuri by 11.8% in the 4th quarter. WINTON GROUP Ltd now owns 16,473 shares of the company's stock valued at $318,000 after purchasing an additional 1,744 shares during the last quarter.

Centuri Price Performance

Shares of NYSE CTRI traded up $0.52 during midday trading on Friday, hitting $21.43. The company had a trading volume of 409,955 shares, compared to its average volume of 432,694. The business has a 50-day simple moving average of $17.25 and a two-hundred day simple moving average of $19.28. Centuri Holdings, Inc. has a twelve month low of $14.46 and a twelve month high of $28.65. 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 firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of -0.09.

Analyst Ratings Changes

A number of brokerages have issued reports on CTRI. Robert W. Baird cut their target price on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Centuri presently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

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.