Fmr LLC Sells 691,418 Shares of Centuri Holdings, Inc. (NYSE:CTRI)

Fmr LLC reduced its position in Centuri Holdings, Inc. (NYSE:CTRI) by 14.2% during the third quarter, HoldingsChannel reports. The fund owned 4,190,335 shares of the company’s stock after selling 691,418 shares during the quarter. Fmr LLC’s holdings in Centuri were worth $67,674,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of Centuri in the second quarter worth $2,757,000. Davidson Kempner Capital Management LP bought a new position in Centuri in the 2nd quarter worth about $1,500,000. Ghisallo Capital Management LLC purchased a new position in Centuri during the 2nd quarter valued at about $3,409,000. Point72 DIFC Ltd bought a new stake in shares of Centuri during the second quarter valued at about $657,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Centuri in the third quarter worth about $1,153,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CTRI. Robert W. Baird upped their target price on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.40.

Centuri Trading Down 1.9 %

Shares of NYSE:CTRI opened at $21.30 on Friday. Centuri Holdings, Inc. has a one year low of $14.47 and a one year high of $28.65. 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’s fifty day moving average price is $19.06 and its 200-day moving average price is $19.68.

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.