IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 17,886.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,268 shares of the technology company's stock after buying an additional 42,033 shares during the period. GAMMA Investing LLC owned about 0.21% of IES worth $69,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its position in shares of IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of IES by 6.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock worth $173,000 after purchasing an additional 53 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of IES by 1.8% in the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock worth $683,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of IES by 21.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock worth $111,000 after purchasing an additional 99 shares during the last quarter. Finally, Peterson Wealth Services increased its position in shares of IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

IES Stock Performance

Shares of NASDAQ IESC traded down $1.85 during midday trading on Wednesday, hitting $269.95. The company's stock had a trading volume of 423,207 shares, compared to its average volume of 176,159. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The firm's fifty day moving average price is $214.63 and its 200-day moving average price is $221.32. The firm has a market cap of $5.36 billion, a P/E ratio of 25.14 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

About IES

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.