Dynamic Technology Lab Private Ltd Makes New Investment in Centuri Holdings, Inc. (NYSE:CTRI)

Dynamic Technology Lab Private Ltd purchased a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the third quarter, according to its most recent filing with the SEC. The fund purchased 15,859 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Centuri during the second quarter valued at $2,757,000. Rhumbline Advisers acquired a new position in shares of Centuri in the 2nd quarter valued at about $300,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centuri during the 2nd quarter valued at about $33,619,000. Gabelli Funds LLC acquired a new stake in Centuri during the second quarter worth about $880,000. Finally, Davidson Kempner Capital Management LP bought a new position in Centuri in the second quarter worth about $1,500,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CTRI shares. JPMorgan Chase & Co. upped their target price on Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Robert W. Baird upped their price objective on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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’s stock. According to data from MarketBeat.com, Centuri presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Price Performance

Shares of NYSE CTRI opened at $19.81 on Monday. Centuri Holdings, Inc. has a 12-month low of $14.47 and a 12-month high of $28.65. 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 stock has a 50 day simple moving average of $18.54 and a 200-day simple moving average of $19.78.

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.