Centuri Holdings, Inc. (NYSE:CTRI) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 410.4% during the third quarter, Holdings Channel.com reports. The firm owned 23,657 shares of the company’s stock after purchasing an additional 19,022 shares during the quarter. Barclays PLC’s holdings in Centuri were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRI. BNP Paribas Financial Markets boosted its stake in shares of Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Centuri by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after purchasing an additional 4,645 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Centuri during the 3rd quarter worth $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Centuri in the 3rd quarter valued at about $211,000. Finally, Rhumbline Advisers acquired a new stake in shares of Centuri in the second quarter valued at about $300,000.

Centuri Stock Up 4.8 %

CTRI stock opened at $20.13 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The company’s 50 day simple moving average is $20.23 and its 200-day simple moving average is $18.83. Centuri Holdings, Inc. has a 12 month low of $14.47 and a 12 month high of $28.65.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTRI. Robert W. Baird increased their target price on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

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.