Polar Asset Management Partners Inc. Reduces Stake in IES Holdings, Inc. (NASDAQ:IESC)

Polar Asset Management Partners Inc. cut its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,658 shares of the technology company's stock after selling 12,642 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in IES were worth $936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of IES by 9.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,352 shares of the technology company's stock valued at $4,291,000 after purchasing an additional 1,891 shares in the last quarter. Wexford Capital LP grew its position in shares of IES by 7.0% during the fourth quarter. Wexford Capital LP now owns 2,300 shares of the technology company's stock valued at $462,000 after purchasing an additional 150 shares in the last quarter. Tidal Investments LLC grew its position in shares of IES by 26.6% during the fourth quarter. Tidal Investments LLC now owns 2,107 shares of the technology company's stock valued at $423,000 after purchasing an additional 443 shares in the last quarter. Steamboat Capital Partners LLC grew its position in shares of IES by 142.0% during the fourth quarter. Steamboat Capital Partners LLC now owns 11,833 shares of the technology company's stock valued at $2,378,000 after purchasing an additional 6,943 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of IES by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 2,317 shares of the technology company's stock valued at $466,000 after purchasing an additional 762 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

IES Price Performance

Shares of IES stock traded up $0.16 during trading on Friday, reaching $256.96. 204,766 shares of the stock traded hands, compared to its average volume of 175,106. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 23.93 and a beta of 1.57. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09. The business has a fifty day simple moving average of $210.90 and a two-hundred day simple moving average of $220.93.

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

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.