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

Centuri Holdings, Inc. (NYSE:CTRI) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,210,000 shares, an increase of 10.7% from the December 15th total of 2,900,000 shares. Based on an average trading volume of 400,400 shares, the days-to-cover ratio is presently 8.0 days. Currently, 24.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Centuri

Several hedge funds and other institutional investors have recently modified their holdings of CTRI. Massachusetts Financial Services Co. MA purchased a new stake in Centuri in the second quarter worth about $33,619,000. Zimmer Partners LP raised its position 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. Clearbridge Investments LLC purchased a new position in shares of Centuri in the 2nd quarter valued at approximately $5,587,000. Point72 Asset Management L.P. bought a new stake in shares of Centuri during the second quarter valued at approximately $4,339,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Centuri during the second quarter valued at approximately $3,409,000.

Wall Street Analyst Weigh In

CTRI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on 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 increased 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 equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.40.

Centuri Trading Up 0.8 %

Centuri stock traded up $0.18 during mid-day trading on Monday, reaching $21.95. 302,652 shares of the company traded hands, compared to its average volume of 218,324. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 52-week low of $14.47 and a 52-week high of $28.65. The firm’s 50 day moving average price is $20.48 and its 200 day moving average price is $18.56.

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.