Bank of New York Mellon Corp Grows Stock Position in Centuri Holdings, Inc. (NYSE:CTRI)

Bank of New York Mellon Corp increased its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 12.0% in the 4th quarter, HoldingsChannel reports. The fund owned 32,048 shares of the company’s stock after purchasing an additional 3,428 shares during the quarter. Bank of New York Mellon Corp’s holdings in Centuri were worth $619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Centuri during the fourth quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares during the period. MetLife Investment Management LLC increased its holdings in Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after purchasing an additional 4,645 shares during the last quarter. Centiva Capital LP purchased a new stake in Centuri in the third quarter valued at approximately $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri during the third quarter worth $211,000.

Centuri Stock Down 5.3 %

Centuri stock opened at $16.64 on Thursday. The firm has a market capitalization of $1.47 billion and a P/E ratio of -0.07. 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 Holdings, Inc. has a twelve month low of $14.47 and a twelve month high of $28.65. The stock’s fifty day simple moving average is $19.36 and its 200-day simple moving average is $19.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a research note 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 research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.