Centuri (NYSE:CTRI) Shares Down 3.2% – Time to Sell?

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price fell 3.2% on Wednesday . The company traded as low as $19.75 and last traded at $20.05. 21,889 shares traded hands during trading, a decline of 96% from the average session volume of 502,209 shares. The stock had previously closed at $20.71.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTRI. Wells Fargo & Company decreased their price target on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Bank of America dropped their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group lowered shares of Centuri from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $17.00 in a report on Tuesday, July 30th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Centuri presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Price Performance

The firm’s 50-day moving average price is $18.33 and its two-hundred day moving average price is $19.88. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CTRI. Bank of New York Mellon Corp purchased a new position in shares of Centuri in the 2nd quarter valued at $2,757,000. Rhumbline Advisers purchased a new position in shares of Centuri in the 2nd quarter valued at $300,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Centuri in the 2nd quarter valued at $33,619,000. Gabelli Funds LLC purchased a new position in shares of Centuri in the 2nd quarter valued at $880,000. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of Centuri in the 2nd quarter valued at $1,500,000.

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.