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Watsonville Today
By the People, for the People
Cannell & Spears LLC Reduces Stake in Granite Construction
The institutional investor sold 9,222 shares of the construction company's stock in the third quarter.
Mar. 16, 2026 at 8:38am
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Cannell & Spears LLC, an institutional investor, lowered its stake in Granite Construction Incorporated (NYSE:GVA) by 19.0% during the 3rd quarter, according to the company's recent 13F filing with the SEC. The firm now owns 39,249 shares of the construction company's stock, valued at $4,304,000.
Why it matters
Granite Construction is a major player in the construction industry, specializing in large-scale infrastructure projects. Changes in institutional ownership can provide insights into market sentiment and potential future performance of the company's stock.
The details
Cannell & Spears LLC sold 9,222 shares of Granite Construction stock during the 3rd quarter, reducing its total stake in the company by 19.0%. The institutional investor now owns 39,249 shares, or 0.09% of the construction company's outstanding stock.
- Cannell & Spears LLC made the stock sale during the 3rd quarter of the year.
The players
Cannell & Spears LLC
An institutional investor that owns shares of Granite Construction Incorporated.
Granite Construction Incorporated
A publicly traded heavy civil contractor and construction materials producer based in Watsonville, California.
The takeaway
The reduction in Cannell & Spears LLC's stake in Granite Construction could signal a shift in market sentiment or portfolio rebalancing by the institutional investor, though the overall reasons behind the sale are not explicitly stated. Investors will likely continue to monitor changes in institutional ownership of Granite Construction as an indicator of the stock's performance and future prospects.
