GAMMA Investing LLC Acquires 42,033 Shares of IES Holdings, Inc. (NASDAQ:IESC)

GAMMA Investing LLC raised its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 17,886.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,268 shares of the technology company's stock after acquiring an additional 42,033 shares during the quarter. GAMMA Investing LLC owned approximately 0.21% of IES worth $69,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after buying an additional 50 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of IES by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after buying an additional 53 shares during the period. Moran Wealth Management LLC increased its stake in shares of IES by 1.8% in the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after buying an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of IES by 21.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock valued at $111,000 after buying an additional 99 shares during the period. Finally, Peterson Wealth Services increased its stake in shares of IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock valued at $1,630,000 after buying an additional 100 shares during the period. Institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

IES Stock Performance

Shares of IES stock traded up $9.18 on Friday, hitting $279.98. The stock had a trading volume of 104,308 shares, compared to its average volume of 175,513. The stock has a 50 day moving average of $221.03 and a 200 day moving average of $221.66. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The firm has a market capitalization of $5.56 billion, a P/E ratio of 26.07 and a beta of 1.57.

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

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the sale, the chief executive officer now owns 10,923,318 shares of the company's stock, valued at approximately $3,003,912,450. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 56.76% of the company's stock.

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.