Steamboat Capital Partners LLC Grows Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Steamboat Capital Partners LLC increased its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 142.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,833 shares of the technology company's stock after acquiring an additional 6,943 shares during the quarter. Steamboat Capital Partners LLC owned approximately 0.06% of IES worth $2,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IESC. J.Safra Asset Management Corp lifted 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 period. Smithfield Trust Co purchased a new stake in IES during the fourth quarter worth $34,000. National Bank of Canada FI bought a new stake in IES during the 4th quarter valued at $54,000. Harbour Investments Inc. purchased a new position in shares of IES in the 4th quarter valued at $71,000. Finally, Jones Financial Companies Lllp bought a new position in shares of IES in the 4th quarter worth $74,000. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

IES Stock Down 1.4%

Shares of NASDAQ IESC traded down $3.51 during trading hours on Tuesday, hitting $250.74. 102,811 shares of the stock were exchanged, compared to its average volume of 175,997. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09. The firm has a fifty day moving average price of $200.51 and a 200-day moving average price of $222.22. The company has a market cap of $4.98 billion, a PE ratio of 23.35 and a beta of 1.57.

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

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.