Centuri (NYSE:CTRI) Stock Price Down 5.2% – Time to Sell?

Shares of Centuri Holdings, Inc. (NYSE:CTRI) fell 5.2% during mid-day trading on Wednesday . The stock traded as low as $17.51 and last traded at $17.80. 180,561 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 383,492 shares. The stock had previously closed at $18.78.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Centuri has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Centuri Price Performance

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 company has a 50 day moving average of $20.78 and a 200 day moving average of $19.13.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. As a group, equities analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Centuri by 96.3% during the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after purchasing an additional 4,036,639 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Centuri by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock worth $32,208,000 after buying an additional 8,326 shares during the period. Zimmer Partners LP increased its stake in shares of Centuri by 67.4% in the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock worth $24,476,000 after acquiring an additional 610,138 shares in the last quarter. Carronade Capital Management LP grew its holdings in shares of Centuri by 2.3% in the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock worth $23,646,000 after acquiring an additional 27,743 shares during the period. Finally, Needham Investment Management LLC boosted its stake in shares of Centuri by 3.9% during the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock worth $8,644,000 after acquiring an additional 16,800 shares during the last quarter.

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.