Centuri Holdings, Inc. (NYSE:CTRI) Sees Large Increase in Short Interest

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) was the recipient 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 currently 8.0 days. Approximately 24.5% of the shares of the stock are short sold.

Centuri Price Performance

NYSE CTRI traded up $0.18 during trading hours on Monday, hitting $21.95. The company's stock had a trading volume of 302,652 shares, compared to its average volume of 218,324. Centuri has a twelve month low of $14.47 and a twelve month 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 fifty day moving average of $20.50 and a 200 day moving average of $18.57.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Davidson Kempner Capital Management LP acquired a new stake in shares of Centuri in the 2nd quarter valued at approximately $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Centuri during the third quarter worth $211,000. BNP Paribas Financial Markets grew its holdings in shares of Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company's stock valued at $110,000 after buying an additional 1,927 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Centuri in the 2nd quarter valued at $3,409,000. Finally, Point72 DIFC Ltd acquired a new stake in Centuri during the 2nd quarter worth $657,000.

Analyst Ratings Changes

CTRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $16.00 to $17.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Centuri from $19.00 to $21.00 and gave the stock 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 issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Centuri presently has a consensus rating of "Moderate Buy" and an average price target 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.