Centuri Holdings, Inc. (NYSE:CTRI) Short Interest Up 10.7% in December

Centuri Holdings, Inc. (NYSE:CTRI) was the target of 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. Approximately 24.5% of the company’s shares are short sold. Based on an average daily volume of 400,400 shares, the days-to-cover ratio is presently 8.0 days.

Centuri Trading Up 0.8 %

Shares of 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. The firm’s fifty 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. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

Hedge Funds Weigh In On Centuri

Large investors have recently bought and sold shares of the business. Davidson Kempner Capital Management LP bought a new stake in Centuri during the 2nd quarter valued at $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Centuri during the 3rd quarter worth $211,000. BNP Paribas Financial Markets boosted its position in Centuri by 39.3% during 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 in the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Centuri in the 2nd quarter valued at about $3,409,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Centuri in the 2nd quarter worth approximately $657,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.