Alliancebernstein L.P. Cuts Position in Centuri Holdings, Inc. (NYSE:CTRI)

Alliancebernstein L.P. reduced its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,450 shares of the company’s stock after selling 1,970 shares during the quarter. Alliancebernstein L.P.’s holdings in Centuri were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Centuri during the fourth quarter worth $26,000. KLP Kapitalforvaltning AS purchased a new stake in Centuri in the fourth quarter valued at about $62,000. Corebridge Financial Inc. boosted its holdings in Centuri by 15.7% in 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 in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Centuri by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company’s stock worth $248,000 after acquiring an additional 1,335 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Centuri during the fourth quarter valued at about $280,000.

Centuri Stock Down 3.3 %

Centuri stock opened at $16.61 on Tuesday. The business’s 50-day moving average price is $17.19 and its 200 day moving average price is $19.18. 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 cap of $1.47 billion and a price-to-earnings ratio of -0.07. Centuri Holdings, Inc. has a 52 week low of $14.46 and a 52 week high of $28.65.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTRI. JPMorgan Chase & Co. upped their price target on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Robert W. Baird dropped their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.