Centuri Holdings, Inc. (NYSE:CTRI) Sees Significant Decline in Short Interest
by Renee Jackson · The Cerbat GemCenturi Holdings, Inc. (NYSE:CTRI – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 2,921,615 shares, a decline of 17.5% from the March 31st total of 3,541,704 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 936,155 shares, the days-to-cover ratio is currently 3.1 days.
Centuri Price Performance
CTRI stock traded up $1.57 during trading on Friday, hitting $39.17. The company had a trading volume of 1,848,387 shares, compared to its average volume of 911,761. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.95 billion, a P/E ratio of 170.30, a P/E/G ratio of 1.56 and a beta of 1.34. The company has a fifty day moving average price of $31.41 and a two-hundred day moving average price of $27.12. Centuri has a fifty-two week low of $17.97 and a fifty-two week high of $39.33.
Centuri (NYSE:CTRI – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $858.60 million for the quarter, compared to the consensus estimate of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Equities research analysts expect that Centuri will post 0.59 earnings per share for the current fiscal year.
Institutional Trading of Centuri
Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of Centuri by 63.3% during the first quarter. Hsbc Holdings PLC now owns 83,507 shares of the company’s stock worth $2,418,000 after purchasing an additional 32,379 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Centuri by 17.1% during the first quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock worth $387,000 after purchasing an additional 1,937 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Centuri by 35.2% during the fourth quarter. Invesco Ltd. now owns 73,836 shares of the company’s stock worth $1,864,000 after purchasing an additional 19,227 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Centuri during the fourth quarter worth $253,000. Finally, XTX Topco Ltd grew its holdings in shares of Centuri by 229.7% during the fourth quarter. XTX Topco Ltd now owns 126,392 shares of the company’s stock worth $3,191,000 after purchasing an additional 88,061 shares during the last quarter.
Analysts Set New Price Targets
Several brokerages recently commented on CTRI. Wells Fargo & Company decreased their price target on Centuri from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Cantor Fitzgerald boosted their price target on Centuri from $35.25 to $37.40 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.85.
Read Our Latest Stock Report on Centuri
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.