Centuri Holdings, Inc. (NYSE:CTRI) Short Interest Update

Centuri Holdings, Inc. (NYSE:CTRI) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 2,320,000 shares, a decline of 8.7% from the October 31st total of 2,540,000 shares. Currently, 13.9% of the shares of the company are sold short. Based on an average daily trading volume, of 372,100 shares, the short-interest ratio is presently 6.2 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Centuri

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centuri during the 2nd quarter valued at about $33,619,000. Zimmer Partners LP raised its position in Centuri by 67.4% during the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after purchasing an additional 610,138 shares during the period. Clearbridge Investments LLC purchased a new stake in Centuri during the second quarter valued at approximately $5,587,000. Point72 Asset Management L.P. purchased a new position in shares of Centuri in the 2nd quarter worth approximately $4,339,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Centuri during the 2nd quarter valued at approximately $3,409,000.

Centuri Stock Performance

CTRI traded up $0.12 during midday trading on Monday, reaching $19.93. The company had a trading volume of 374,308 shares, compared to its average volume of 502,563. The business has a 50-day moving average of $18.54 and a two-hundred day moving average of $19.78. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. Centuri has a 1 year low of $14.47 and a 1 year 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.