Southwest Gas Holdings, Inc.

10% owner Southwest Gas Holdings sells entire 27.36M share stake in CTRI for $536.3M at $19.60, exiting position entirely.

Southwest Gas Holdings, a 10% owner, liquidated its entire position of 27,362,210 shares in Centuri Holdings on 2025-09-05 at $19.60 per share for $536,299,316.00, reducing holdings from 27.36M shares to 0 shares (-100.0%). This marks a complete exit by a major shareholder. The sale occurred when CTRI was trading near the middle of its 52-week range ($15.18–$24.43) and currently trades at $21.59, suggesting the exit preceded a recent modest price appreciation. Centuri's fundamentals present a headwind: the company reported -9.0% annual revenue growth and was unprofitable over its most recent full fiscal year (negative full-year net income), indicating operational challenges despite the sale price relative to current market levels. The scale of this divestiture—$536.3M from a complete stake exit—signals a material capital event for both the seller and holders evaluating Centuri's trajectory.

Southwest Gas Holdings divested 18,823,500 CTRI shares (40.8% of holdings) at $19.50 on 2025-08-11 for $367.1M; stock now at $20.70.

Southwest Gas Holdings, a 10% owner of Centuri Holdings, sold 18,823,500 shares (18.82M shares) on 2025-08-11 at $19.50, reducing its stake from 46,185,710 shares to 27,362,210 shares—a -40.8% reduction in holdings worth $367,058,250.00. The company sold at a price -15.3% below the 52-week high of $24.43 and currently trades at $20.70, above the transaction price. Centuri is in a weak fundamental position: annual revenue declined -9.0% year-over-year to $724,052,000.00 in the latest quarter, the company was unprofitable over its most recent full fiscal year with net income of $8,053,000.00, and market cap stands at $1,835,037,487.80. While this is Southwest Gas Holdings' most recent trade at CTRI, the insider's three prior CTRI sales in the same window (May, June, July 2025) show mixed timing results—one achieved +16.7% 30-day return, while outcomes at the 90-day mark remain unmeasurable. The disposition of a 40.8% stake reduction merits investor attention given the company's deteriorating revenue trends and full-year unprofitability.

Southwest Gas Holdings sold 1,060,240 shares of CTRI for $21,999,980.00 on 2025-07-08; holds 46,185,710 shares post-sale

Southwest Gas Holdings, a 10% owner, sold 1,060,240 shares at $20.75, reducing its stake by 2.2% and leaving it with 46,185,710 shares. The sale occurred at a price that has since declined 12.6% from the 52-week high, though the 30-day return post-transaction is negative (-6.4%). Centuri is currently unprofitable with net income of -$17,937,000 in its latest quarter and faces a -9.0% annual revenue contraction, presenting a deteriorating fundamental backdrop. The sale follows another CTRI sale on 2025-06-18, signaling continued portfolio reduction at this holding; prior same-ticker sales show mixed near-term price action (the 2025-05-22 sale preceded a +16.7% 30-day gain), but the company's negative earnings and declining revenue warrant monitoring of whether further disposition signals deeper fundamental concerns.

10% Owner Southwest Gas Holdings sells 11,212,500 CTRI shares ($232.7M) at $20.75; holdings drop 19.2% to 47,245,950 shares.

Southwest Gas Holdings, a 10% owner of Centuri Holdings (CTRI), divested 11,212,500 shares (19.2% of pre-transaction holdings) for $232,659,375.00. The sale follows a recent sell on 2025-05-22 at the same ticker, indicating a pattern of consecutive dispositions within a short window. CTRI faces material headwinds: revenue declined 9.0% year-over-year, the company posted a net loss of $17,937,000.00 in its most recent quarter, and was unprofitable over its full fiscal year. The sale price of $20.75 sits 21.3% below the 52-week high, though the stock is up 9.4% over the past 30 days and 22.8% over 90 days. The timing of this secondary liquidation by a major shareholder during a period of operational losses may warrant scrutiny regarding management's confidence in near-term recovery prospects.

Southwest Gas (10% owner) sold 13,207,142 shares of CTRI at $17.50 on 2025-05-22; retains 58,458,450 shares post-sale.

Southwest Gas reduced its stake in Centuri Holdings by 13,207,142 shares (-18.4% vs pre-transaction holdings) in a single transaction. The sale occurred at $17.50 per share, which is notably below both the current price of $18.64 and the 52-week high of $27.46—positioning this sale at -32.1% from the year's peak. Centuri's fundamentals have deteriorated: the company posted a quarterly revenue of $550,081,000.00 but recorded negative net income of $-17,937,000.00, with annual revenue declining -9.0% year-over-year and unprofitable full-year performance. The 10% shareholder's partial exit reduces but does not eliminate its material stake, leaving significant continued exposure amid operational headwinds.