Massachusetts Financial Services Co. MA Has $27.11 Million Holdings in Centuri Holdings, Inc. (NYSE:CTRI)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,678,576 shares of the company’s stock after selling 47,250 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Centuri were worth $27,109,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in Centuri during the 2nd quarter worth about $300,000. Oppenheimer Asset Management Inc. bought a new position in Centuri during the 3rd quarter worth about $334,000. Sandia Investment Management LP bought a new position in Centuri during the 2nd quarter worth about $466,000. Point72 DIFC Ltd bought a new position in Centuri during the 2nd quarter worth about $657,000. Finally, Gabelli Funds LLC bought a new position in Centuri during the 2nd quarter worth about $880,000.

Centuri Stock Performance

Centuri stock opened at $20.93 on Tuesday. Centuri Holdings, Inc. has a 52 week low of $14.47 and a 52 week 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 $18.18 and a 200 day simple moving average of $19.94.

Analysts Set New Price Targets

CTRI has been the subject of a number of research reports. Robert W. Baird increased their target price on Centuri from $19.00 to $21.00 and gave the stock 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 report on Thursday, November 7th. Bank of America decreased their price objective on Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Tuesday, July 30th. UBS Group cut Centuri from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $17.00 in a report on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price objective on Centuri from $29.00 to $22.00 and set an “overweight” rating for the company 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 issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.40.

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.