Short Interest in Centuri Holdings, Inc. (NYSE:CTRI) Expands By 10.7%

Centuri Holdings, Inc. (NYSE:CTRI) saw a significant 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. Approximately 24.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CTRI shares. Robert W. Baird boosted their price target on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.40.

Centuri Trading Up 0.8 %

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Centuri in the second quarter worth about $33,619,000. Zimmer Partners LP increased its stake in 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 during the last quarter. Needham Investment Management LLC raised its holdings in shares of Centuri by 44.8% during the 3rd quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock worth $6,958,000 after acquiring an additional 133,200 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Centuri during the 2nd quarter valued at approximately $5,587,000. Finally, State Street Corp boosted its position in shares of Centuri by 37.3% during the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after acquiring an additional 62,390 shares during the last quarter.

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.