Renaissance Technologies LLC Has $371,000 Stock Position in Centuri Holdings, Inc. (NYSE:CTRI)

Renaissance Technologies LLC reduced its holdings in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 71.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,200 shares of the company's stock after selling 48,250 shares during the quarter. Renaissance Technologies LLC's holdings in Centuri were worth $371,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Centuri during the 4th quarter worth approximately $26,000. KLP Kapitalforvaltning AS bought a new position in shares of Centuri during the 4th quarter worth about $62,000. Corebridge Financial Inc. boosted its position in shares of Centuri by 15.7% during the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after acquiring an additional 1,146 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Centuri by 54.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,649 shares of the company's stock valued at $206,000 after purchasing an additional 3,736 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Centuri by 11.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock worth $248,000 after buying an additional 1,335 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on 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 target price on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $19.00.

Centuri Trading Up 5.7 %

Shares of CTRI stock traded up $1.05 on Tuesday, reaching $19.46. 404,220 shares of the stock were exchanged, compared to its average volume of 428,909. The stock has a 50 day moving average price of $16.92 and a 200 day moving average price of $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 stock has a market cap of $1.72 billion and a PE ratio of -0.08. Centuri Holdings, Inc. has a one year low of $14.46 and a one year high of $28.65.

Centuri Company 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.