Dark Forest Capital Management LP Has $705,000 Stake in IES Holdings, Inc. (NASDAQ:IESC)

Dark Forest Capital Management LP reduced its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 54.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,506 shares of the technology company's stock after selling 4,187 shares during the period. Dark Forest Capital Management LP's holdings in IES were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in IES in the third quarter worth $631,000. Barclays PLC lifted its position in shares of IES by 411.1% in the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after buying an additional 12,207 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of IES during the 3rd quarter worth about $332,000. Franklin Resources Inc. raised its stake 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock worth $1,451,000 after purchasing an additional 2,636 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

IES Stock Performance

Shares of IESC traded down $4.53 during trading hours on Wednesday, reaching $194.30. 36,963 shares of the company traded hands, compared to its average volume of 177,164. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The stock has a market cap of $3.89 billion, a P/E ratio of 18.12 and a beta of 1.51. The stock's fifty day moving average is $178.93 and its 200 day moving average is $219.41.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

IES 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.