Short Interest in Centuri Holdings, Inc. (NYSE:CTRI) Grows By 21.8%

Centuri Holdings, Inc. (NYSE:CTRI) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,900,000 shares, a growth of 21.8% from the November 30th total of 2,380,000 shares. Based on an average daily volume of 408,500 shares, the short-interest ratio is currently 7.1 days. Currently, 22.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CTRI. JPMorgan Chase & Co. increased their target price on Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on Centuri from $19.00 to $21.00 and gave the company an “outperform” 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CTRI. Massachusetts Financial Services Co. MA bought a new stake in Centuri in the 2nd quarter valued at $33,619,000. Zimmer Partners LP increased its stake in Centuri by 67.4% in the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after acquiring an additional 610,138 shares during the period. Clearbridge Investments LLC acquired a new position in Centuri in the second quarter worth about $5,587,000. Point72 Asset Management L.P. bought a new position in Centuri during the second quarter worth about $4,339,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Centuri during the second quarter valued at approximately $3,409,000.

Centuri Trading Up 0.5 %

Centuri stock traded up $0.09 during trading hours on Tuesday, hitting $19.31. The stock had a trading volume of 203,855 shares, compared to its average volume of 484,156. The company has a 50-day moving average of $20.14 and a two-hundred day moving average of $18.91. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a fifty-two week low of $14.47 and a fifty-two week high of $28.65.

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.