Short Interest in Centuri Holdings, Inc. (NYSE:CTRI) Drops By 8.7%

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

Hedge Funds Weigh In On Centuri

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after purchasing an additional 1,927 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after acquiring an additional 4,645 shares during the period. Centiva Capital LP acquired a new stake in shares of Centuri in the third quarter valued at approximately $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Centuri in the third quarter valued at approximately $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centuri in the third quarter valued at approximately $256,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped 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 upped their target price on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two 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 given a strong buy rating to the company. According to MarketBeat.com, Centuri presently has an average rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Stock Up 0.3 %

Centuri stock traded up $0.06 during mid-day trading on Wednesday, hitting $20.61. The company had a trading volume of 113,419 shares, compared to its average volume of 499,180. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The business has a fifty day moving average of $18.71 and a 200 day moving average of $19.70.

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.