Schonfeld Strategic Advisors LLC Makes New Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,124 shares of the company's stock, valued at approximately $2,609,000. Schonfeld Strategic Advisors LLC owned approximately 0.15% of Centuri as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Centuri during the fourth quarter valued at $26,000. KLP Kapitalforvaltning AS bought a new position in Centuri during the 4th quarter worth $62,000. Corebridge Financial Inc. lifted its holdings in 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 buying an additional 1,146 shares during the period. MetLife Investment Management LLC grew its position in shares of Centuri by 20.5% in the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock valued at $192,000 after buying an additional 1,690 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Centuri by 54.0% in the fourth 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 during the period.

Centuri Stock Down 0.7 %

Shares of NYSE:CTRI traded down $0.14 during midday trading on Thursday, hitting $20.91. 362,078 shares of the company's stock were exchanged, compared to its average volume of 430,984. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64. Centuri Holdings, Inc. has a 12 month low of $14.46 and a 12 month high of $28.65. The company has a market cap of $1.85 billion and a PE ratio of -0.09. The stock has a 50 day moving average price of $17.05 and a 200-day moving average price of $19.23.

Wall Street Analyst Weigh In

A number of research firms recently commented on CTRI. Robert W. Baird cut their price objective on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on shares of Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.