Bosun Asset Management LLC Cuts Stake in IES Holdings, Inc. (NASDAQ:IESC)

Bosun Asset Management LLC lowered its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,495 shares of the technology company's stock after selling 1,701 shares during the period. IES accounts for 0.9% of Bosun Asset Management LLC's holdings, making the stock its 26th biggest position. Bosun Asset Management LLC owned 0.05% of IES worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after acquiring an additional 68,750 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock valued at $818,000 after purchasing an additional 3,862 shares during the last quarter. Barclays PLC grew its position in IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after purchasing an additional 12,207 shares during the period. Convergence Investment Partners LLC raised its stake in shares of IES by 26.4% during the 4th quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company's stock valued at $1,409,000 after buying an additional 1,463 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its holdings in shares of IES by 70.9% in the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company's stock valued at $1,043,000 after buying an additional 2,153 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

IES Stock Down 2.2 %

Shares of NASDAQ:IESC traded down $5.62 during trading on Friday, hitting $244.99. 87,372 shares of the stock traded hands, compared to its average volume of 177,484. The company has a fifty day moving average price of $187.67 and a two-hundred day moving average price of $219.89. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 22.81 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The business had revenue of $834.00 million during the quarter.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.