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

Centuri Holdings, Inc. (NYSE:CTRI) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 2,921,615 shares, a drop of 17.5% from the March 31st total of 3,541,704 shares. Based on an average daily trading volume, of 936,155 shares, the short-interest ratio is currently 3.1 days. Currently, 2.9% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Wells Fargo & Company reduced their price objective on Centuri from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Cantor Fitzgerald increased their price objective on Centuri from $35.25 to $37.40 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Two investment 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.85.

Centuri Price Performance

NYSE CTRI traded up $1.57 during mid-day trading on Friday, hitting $39.17. The stock had a trading volume of 1,848,387 shares, compared to its average volume of 911,761. The firm’s 50 day moving average is $31.41 and its 200 day moving average is $27.12. Centuri has a twelve month low of $17.97 and a twelve month high of $39.33. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 170.30, a PEG ratio of 1.56 and a beta of 1.34.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The firm had revenue of $858.60 million during the quarter, compared to analyst estimates of $740.62 million. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts forecast that Centuri will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Centuri by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after acquiring an additional 890 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Centuri by 7.0% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after acquiring an additional 1,337 shares during the period. Arizona State Retirement System raised its holdings in shares of Centuri by 5.9% during the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after acquiring an additional 1,400 shares during the period. CWM LLC raised its holdings in shares of Centuri by 59.7% during the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after acquiring an additional 1,512 shares during the period. Finally, Sandia Investment Management LP raised its holdings in shares of Centuri by 11.9% during the 4th quarter. Sandia Investment Management LP now owns 15,000 shares of the company’s stock worth $379,000 after acquiring an additional 1,600 shares during the period.

About Centuri

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.