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

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) saw a large growth in short interest during 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. Approximately 22.2% of the company's stock are short sold. Based on an average daily volume of 408,500 shares, the short-interest ratio is currently 7.1 days.

Centuri Trading Up 0.5 %

Shares of CTRI stock traded up $0.09 during trading hours on Tuesday, reaching $19.31. The stock had a trading volume of 203,863 shares, compared to its average volume of 484,444. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $18.91. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65.

Institutional Investors Weigh In On Centuri

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of Centuri during the second quarter valued at $2,757,000. Davidson Kempner Capital Management LP acquired a new position in Centuri during the 2nd quarter valued at about $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri during the 3rd quarter valued at about $211,000. BNP Paribas Financial Markets raised its position in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company's stock worth $110,000 after buying an additional 1,927 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Centuri in the 2nd quarter worth approximately $3,409,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. 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 stock an "underweight" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.40.

Centuri Company Profile

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.