UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $211,000 in Centuri Holdings, Inc. (NYSE:CTRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,086 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRI. MetLife Investment Management LLC lifted its position in Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after acquiring an additional 4,645 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Centuri by 39.3% during the third 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centuri during the 3rd quarter valued at $256,000. Charles Schwab Investment Management Inc. boosted its position in shares of Centuri by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock worth $1,799,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Centuri during the 3rd quarter worth $334,000.

Analysts Set New Price Targets

CTRI has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Two research 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 company’s stock. According to data from MarketBeat, Centuri currently has an average rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Price Performance

Shares of CTRI stock opened at $20.29 on Friday. Centuri Holdings, Inc. has a fifty-two week low of $14.47 and a fifty-two week 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 stock’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $19.21.

About Centuri

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.