Centuri Holdings, Inc. (NYSE:CTRI) Short Interest Update

Centuri Holdings, Inc. (NYSE:CTRI) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,638,094 shares, a decline of 31.1% from the December 31st total of 3,830,030 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,252,845 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 1,252,845 shares, the short-interest ratio is currently 2.1 days. Currently, 2.7% of the company’s stock are short sold.

Insider Buying and Selling at Centuri

In other news, CEO Christian Brown sold 7,108 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.51, for a total transaction of $174,217.08. Following the transaction, the chief executive officer directly owned 22,089 shares in the company, valued at $541,401.39. The trade was a 24.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carl C. Icahn bought 3,488,372 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of $21.50 per share, for a total transaction of $74,999,998.00. Following the completion of the acquisition, the insider owned 14,336,044 shares in the company, valued at $308,224,946. This trade represents a 32.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Centuri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in shares of Centuri by 59.9% during the 4th quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock valued at $25,883,000 after acquiring an additional 384,054 shares during the period. Arizona State Retirement System lifted its position in Centuri by 5.9% during the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after purchasing an additional 1,400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Centuri by 33.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock worth $460,000 after purchasing an additional 4,600 shares during the period. CWM LLC grew its stake in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Centuri by 38.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 71,243 shares of the company’s stock valued at $1,799,000 after buying an additional 19,810 shares during the period.

Centuri Stock Performance

NYSE:CTRI traded down $0.21 during mid-day trading on Friday, reaching $27.62. 1,266,043 shares of the company’s stock were exchanged, compared to its average volume of 1,060,461. Centuri has a one year low of $14.45 and a one year high of $29.01. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. The business’s fifty day simple moving average is $25.95 and its two-hundred day simple moving average is $22.66. The firm has a market capitalization of $2.75 billion, a PE ratio of 920.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). Centuri had a return on equity of 6.37% and a net margin of 0.09%.The business had revenue of $848.55 million for the quarter, compared to analyst estimates of $762.06 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts anticipate that Centuri will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CTRI has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Cantor Fitzgerald assumed coverage on Centuri in a report on Friday, January 23rd. They set an “overweight” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.40.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.