Centuri Holdings, Inc. (NYSE:CTRI) Short Interest Down 8.7% in November

Centuri Holdings, Inc. (NYSE:CTRI) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,320,000 shares, a decline 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 days-to-cover ratio is presently 6.2 days. Approximately 13.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CTRI. JPMorgan Chase & Co. upped their target price on 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 target price 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 analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Stock Performance

Centuri stock traded up $0.28 during mid-day trading on Tuesday, hitting $20.55. 195,551 shares of the company were exchanged, compared to its average volume of 501,672. 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 $18.61 and a 200 day moving average of $19.74.

Institutional Investors Weigh In On Centuri

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position 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 acquiring an additional 1,927 shares during the period. MetLife Investment Management LLC raised its stake in Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after purchasing an additional 4,645 shares in the last quarter. Centiva Capital LP bought 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 bought a new position in shares of Centuri in the third quarter worth $211,000. Finally, Rhumbline Advisers bought a new stake in shares of Centuri during the 2nd quarter worth approximately $300,000.

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.