Conversant Capital Sells Shares of Centuri Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy CTRI?
Source: NASDAQ.COM
- Share Reduction Details: Conversant Capital sold 1,215,737 shares of Centuri Holdings in Q4 2025, with an estimated trade value of $27.18 million, reflecting both sales and market price fluctuations.
- Position Value Change: As of quarter-end, Conversant continued to hold 1.4 million CTRI shares valued at $35.35 million, with an overall position value decrease of $20.03 million, indicating challenges in the market environment.
- Company Performance Highlights: Centuri Holdings achieved record annual revenue of approximately $3.0 billion in 2025, a 13% increase year-over-year, with adjusted EBITDA reaching $249 million, showcasing strong performance in infrastructure investments.
- Market Outlook Analysis: Infrastructure spending has become one of the most durable themes in global markets, and Centuri's role in grid modernization and renewable energy builds has drawn investor attention; while Conversant's sell-off may impact short-term stock prices, long-term demand remains robust.
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Analyst Views on CTRI
Wall Street analysts forecast CTRI stock price to fall
6 Analyst Rating
3 Buy
1 Hold
2 Sell
Hold
Current: 27.800
Low
22.00
Averages
27.40
High
34.00
Current: 27.800
Low
22.00
Averages
27.40
High
34.00
About CTRI
Centuri Holdings, Inc. is a utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. The Company's segments include U.S. Gas Utility Services (U.S. Gas), Canadian Gas Utility Services (Canadian Gas), Union Electric Utility Services (Union Electric), and Non-Union Electric Utility Services (Non-Union Electric). The U.S. Gas and Canadian Gas segments provide comprehensive services, including maintenance, replacement, repair and installation for local natural gas distribution utilities (LDCs) focused on the modernization of customers’ infrastructure throughout the United States and Canada. The Union Electric segment provides a comprehensive set of electric utility services encompassing maintenance, replacement, repair, upgrade and expansion services for urban transmission and local distribution infrastructure within union markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Icahn Enterprises Increases Stake in Centuri Holdings
- Increased Holdings: Icahn Enterprises increased its stake in Centuri Holdings by 3,488,372 shares in Q4 2026, with an estimated transaction value of $77.99 million, indicating sustained confidence in the company.
- Market Valuation Growth: The latest report values Centuri Holdings at $361.99 million, an increase of $132.34 million from the previous filing, reflecting the impact of new purchases and price movements.
- Market Performance: As of March 20, 2026, Centuri Holdings shares were priced at $29.12, marking a 69.5% increase over the past year, outperforming the S&P 500 by 46.33 percentage points, showcasing strong market performance.
- Business Overview: Centuri Holdings focuses on gas and electric utility infrastructure services, supporting modernization and reliability, with over 8,600 employees and $2.84 billion in annual revenue, demonstrating its leadership position in North America.
See More
Icahn Enterprises Increases Stake in Centuri Holdings
- Share Acquisition: Icahn Enterprises LP acquired an additional 3,488,372 shares of Centuri Holdings in Q4, with an estimated transaction value of $77.99 million, reflecting ongoing confidence in the company.
- Asset Value Increase: This trade raised Icahn's quarter-end position value to $361.99 million, an increase of $132.34 million from the previous filing, demonstrating the dual impact of new purchases and stock price appreciation.
- Portfolio Proportion: Centuri Holdings now accounts for 4.29% of Icahn Enterprises LP's assets under management, indicating its significance in the investment portfolio despite not being among the top five holdings.
- Market Outlook Analysis: As a leading utility infrastructure services provider in North America, Centuri Holdings is positioned in critical areas of grid modernization and renewable energy build-out, with long investment cycles and regulated spending expected to drive future growth.
See More
Centuri Appoints New Board Member Steven Nielsen
- Board Expansion: Centuri Holdings, Inc. has appointed Steven Nielsen to its Board of Directors, increasing the board size to nine members, aiming to enhance corporate governance by introducing an independent director with extensive industry experience.
- Rich Leadership Experience: During his tenure as CEO at Dycom Industries, Nielsen successfully scaled the company’s revenue from under $200 million to over $4.5 billion, showcasing his exceptional leadership in the specialty contracting services sector, which is expected to drive strategic growth for Centuri.
- Future Outlook: Nielsen expressed enthusiasm about contributing his experience to Centuri's growth, aiming to help the company build greater market trust and performance in the energy infrastructure services sector, reflecting the company's confidence in future growth.
- Shareholder Meeting Participation: Nielsen will stand for election at the 2026 Annual Meeting of Shareholders, indicating the company's commitment to long-term strategy while providing shareholders with increased governance participation opportunities.
See More
Conversant Capital Reduces Stake in Centuri Holdings
- Share Reduction Details: Conversant Capital disclosed a reduction of 1,215,737 shares in Centuri Holdings during Q4 2025, with an estimated transaction value of $27.18 million, indicating a decrease in confidence that resulted in a $20.03 million drop in net position value, reflecting the impact of market volatility on its portfolio.
- Holding Proportion Change: Centuri Holdings now represents 6.71% of Conversant Capital's reportable 13F AUM, suggesting that despite the reduction, it remains a significant investment, which could influence future investment decisions.
- Company Performance: Centuri Holdings achieved record annual revenue of approximately $3.0 billion in 2025, a 13% increase year-over-year, with adjusted EBITDA reaching $249 million, showcasing strong growth potential in infrastructure modernization and renewable energy sectors.
- Market Outlook Analysis: Infrastructure spending has emerged as a durable theme in global markets, positioning Centuri at the forefront of grid modernization and aging pipeline replacement, suggesting long-term growth opportunities despite recent stock price increases, as demand for modernization projects is expected to persist.
See More
Conversant Capital Sells Shares of Centuri Holdings
- Share Reduction Details: Conversant Capital sold 1,215,737 shares of Centuri Holdings in Q4 2025, with an estimated trade value of $27.18 million, reflecting both sales and market price fluctuations.
- Position Value Change: As of quarter-end, Conversant continued to hold 1.4 million CTRI shares valued at $35.35 million, with an overall position value decrease of $20.03 million, indicating challenges in the market environment.
- Company Performance Highlights: Centuri Holdings achieved record annual revenue of approximately $3.0 billion in 2025, a 13% increase year-over-year, with adjusted EBITDA reaching $249 million, showcasing strong performance in infrastructure investments.
- Market Outlook Analysis: Infrastructure spending has become one of the most durable themes in global markets, and Centuri's role in grid modernization and renewable energy builds has drawn investor attention; while Conversant's sell-off may impact short-term stock prices, long-term demand remains robust.
See More
Tensile Capital Increases Stake in Centuri Holdings
- Stake Increase Details: On February 17, 2026, Tensile Capital Management LP disclosed in an SEC filing that it acquired an additional 1,054,155 shares of Centuri Holdings, valued at approximately $23.57 million, indicating strong confidence in the company.
- Increased Ownership Percentage: Following this purchase, Tensile's stake in Centuri Holdings rose to 6.1%, enhancing its position within U.S. equity assets and reflecting optimism about the utility services sector.
- Company Performance Metrics: As of February 17, 2026, Centuri Holdings shares were priced at $31.29, marking a 57.7% increase over the past year, significantly outperforming the S&P 500 by 39.17 percentage points, showcasing its robust market performance.
- Market Outlook Analysis: Centuri Holdings is benefiting from substantial investments in infrastructure driven by the AI revolution, with management noting a significant backlog of work, suggesting durable growth potential in the energy infrastructure sector, attracting investors looking for AI-related opportunities.
See More
Icahn Enterprises Increases Stake in Centuri Holdings
- Increased Holdings: Icahn Enterprises increased its stake in Centuri Holdings by 3,488,372 shares in Q4 2026, with an estimated transaction value of $77.99 million, indicating sustained confidence in the company.
- Market Valuation Growth: The latest report values Centuri Holdings at $361.99 million, an increase of $132.34 million from the previous filing, reflecting the impact of new purchases and price movements.
- Market Performance: As of March 20, 2026, Centuri Holdings shares were priced at $29.12, marking a 69.5% increase over the past year, outperforming the S&P 500 by 46.33 percentage points, showcasing strong market performance.
- Business Overview: Centuri Holdings focuses on gas and electric utility infrastructure services, supporting modernization and reliability, with over 8,600 employees and $2.84 billion in annual revenue, demonstrating its leadership position in North America.
See More
Icahn Enterprises Increases Stake in Centuri Holdings
- Share Acquisition: Icahn Enterprises LP acquired an additional 3,488,372 shares of Centuri Holdings in Q4, with an estimated transaction value of $77.99 million, reflecting ongoing confidence in the company.
- Asset Value Increase: This trade raised Icahn's quarter-end position value to $361.99 million, an increase of $132.34 million from the previous filing, demonstrating the dual impact of new purchases and stock price appreciation.
- Portfolio Proportion: Centuri Holdings now accounts for 4.29% of Icahn Enterprises LP's assets under management, indicating its significance in the investment portfolio despite not being among the top five holdings.
- Market Outlook Analysis: As a leading utility infrastructure services provider in North America, Centuri Holdings is positioned in critical areas of grid modernization and renewable energy build-out, with long investment cycles and regulated spending expected to drive future growth.
See More
Centuri Appoints New Board Member Steven Nielsen
- Board Expansion: Centuri Holdings, Inc. has appointed Steven Nielsen to its Board of Directors, increasing the board size to nine members, aiming to enhance corporate governance by introducing an independent director with extensive industry experience.
- Rich Leadership Experience: During his tenure as CEO at Dycom Industries, Nielsen successfully scaled the company’s revenue from under $200 million to over $4.5 billion, showcasing his exceptional leadership in the specialty contracting services sector, which is expected to drive strategic growth for Centuri.
- Future Outlook: Nielsen expressed enthusiasm about contributing his experience to Centuri's growth, aiming to help the company build greater market trust and performance in the energy infrastructure services sector, reflecting the company's confidence in future growth.
- Shareholder Meeting Participation: Nielsen will stand for election at the 2026 Annual Meeting of Shareholders, indicating the company's commitment to long-term strategy while providing shareholders with increased governance participation opportunities.
See More
Conversant Capital Reduces Stake in Centuri Holdings
- Share Reduction Details: Conversant Capital disclosed a reduction of 1,215,737 shares in Centuri Holdings during Q4 2025, with an estimated transaction value of $27.18 million, indicating a decrease in confidence that resulted in a $20.03 million drop in net position value, reflecting the impact of market volatility on its portfolio.
- Holding Proportion Change: Centuri Holdings now represents 6.71% of Conversant Capital's reportable 13F AUM, suggesting that despite the reduction, it remains a significant investment, which could influence future investment decisions.
- Company Performance: Centuri Holdings achieved record annual revenue of approximately $3.0 billion in 2025, a 13% increase year-over-year, with adjusted EBITDA reaching $249 million, showcasing strong growth potential in infrastructure modernization and renewable energy sectors.
- Market Outlook Analysis: Infrastructure spending has emerged as a durable theme in global markets, positioning Centuri at the forefront of grid modernization and aging pipeline replacement, suggesting long-term growth opportunities despite recent stock price increases, as demand for modernization projects is expected to persist.
See More
Conversant Capital Sells Shares of Centuri Holdings
- Share Reduction Details: Conversant Capital sold 1,215,737 shares of Centuri Holdings in Q4 2025, with an estimated trade value of $27.18 million, reflecting both sales and market price fluctuations.
- Position Value Change: As of quarter-end, Conversant continued to hold 1.4 million CTRI shares valued at $35.35 million, with an overall position value decrease of $20.03 million, indicating challenges in the market environment.
- Company Performance Highlights: Centuri Holdings achieved record annual revenue of approximately $3.0 billion in 2025, a 13% increase year-over-year, with adjusted EBITDA reaching $249 million, showcasing strong performance in infrastructure investments.
- Market Outlook Analysis: Infrastructure spending has become one of the most durable themes in global markets, and Centuri's role in grid modernization and renewable energy builds has drawn investor attention; while Conversant's sell-off may impact short-term stock prices, long-term demand remains robust.
See More
Tensile Capital Increases Stake in Centuri Holdings
- Stake Increase Details: On February 17, 2026, Tensile Capital Management LP disclosed in an SEC filing that it acquired an additional 1,054,155 shares of Centuri Holdings, valued at approximately $23.57 million, indicating strong confidence in the company.
- Increased Ownership Percentage: Following this purchase, Tensile's stake in Centuri Holdings rose to 6.1%, enhancing its position within U.S. equity assets and reflecting optimism about the utility services sector.
- Company Performance Metrics: As of February 17, 2026, Centuri Holdings shares were priced at $31.29, marking a 57.7% increase over the past year, significantly outperforming the S&P 500 by 39.17 percentage points, showcasing its robust market performance.
- Market Outlook Analysis: Centuri Holdings is benefiting from substantial investments in infrastructure driven by the AI revolution, with management noting a significant backlog of work, suggesting durable growth potential in the energy infrastructure sector, attracting investors looking for AI-related opportunities.
See More
